Loading ...What’s Next & A Way To Play It
Given what has played out in the last few days, gold and silver have very likely bottomed. The issue is, how likely are they to rip from here? Possibly, but a more measured, stair step rise in fits and starts, is likely.
The vehicle I like to best play the short to intermediate term is Royal Gold(RGLD). Why? I like the chart, I like that it made a new, slightly higher, 12 month high on Friday before succumbing to the smash in gold and silver as the day progressed.
The company releases earnings after the close today, and given their previous update on streaming numbers from the quarter, I expect the stock to act well after the report. It could go slow and steady like gold itself or it could explode higher, as this stock often does. To me, I see almost no downside from here,(it has already taken place) and the possibility of extreme upside is the higher percentage outcome for (RGLD) at this level. The best way to play is with a small long position in call options. (This is not investment advice, just my opinion.) 
“Why? I like the chart”
How bout getting into a little detail on that?
If you, I’ll respond in kind.
I gave my reason for liking it(“I like that it made a new, slightly higher, 12 month high on Friday before succumbing to the smash in gold and silver as the day progressed.”) and why I expect it to perform after today’s release. If you disagree or agree, that is fine. I am not looking for affirmation and I sure don’t care if you disagree. The market will tell us if I am correct, or not. That is all I care about.
Then what’s the timeframe for this play of yours? Hours, days, weeks?
You don’t say and IMO, that’s critical to remarks like these.
I gave my timeframe. No one cares about it being “critical to remarks like these” Only to trolls who keep trying to convince others how smart they think they are. You have only convinced others of the exact opposite. Stop your foolish trolling. If you want to say you agree or disagree, that’s fine do so and leave it at that. You choose not to make calls of any value, I have no problem with that .Stop trying to measure yourself against someone who does so. My record is there for all to see and decide for themselves.
“I gave my timeframe. ”
Where? You said calls? Which? 0DTE? What expiration dates. I don’t see one.
There is a price to optionality, and most experienced investors know that to win with options, your timing has to be impeccable IN AND OUT. 85% of option trades expire worthless, for a reason. How do you suggest people navigate these odds?
We aren’t here to give specific personal trading advice. You certainly don’t do so with your vague meaningless posts. I lay out an opinion and some guidelines. If people decide to trade that is up to them, so is, how they choose to do so. If they ask for suggestions, I will tell them how I might play it.