Novice Trade: SPDR Gold Shares

SPDR Gold Shares (GLD) is often seen as a safe-haven asset when the world is in turmoil. Between North Korea, Syria and France, there are a lot of balls in the air. That said, I have not been a fan of the GLD for a long time. The dollar is going to get stronger over the next year, not weaker. Truthfully, if someone is worried about the end of the world, they should buy bullets and guns, not gold.

I think today's pop is going to back off in the next few days. I would be a buyer of the June $119-$113 put spread paying about $1.22. I think GLD will be below $118 in the next two weeks and this spread will be worth $2 or $3....12 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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