Mellow Yellow Metal

By Tim Knight of Slope Of Hope

Sunday, October 15, 2023 4:27 PM EST

brass metal frame

Image Source: Unsplash

I don’t mess around with precious metals much, but Friday's enormous rally caught my attention.

Although my other 18 positions expire in 2024 or 2025, I have taken on one relatively short-dated position, which is a set of Nov. 17 $180 puts on GLD. We shall see how gold performs.

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I tilt to the bearish side. Slope of Hope is not, and has never been, a provider of investment advice. So I take absolutely no responsibility for the losses – – or any credit ...

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