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GLD minor dip today but sees a midday buyer for 6000 November $240/$265 call spreads at $3.85, cheap upside play utilizing the IV skew with spreads. Also a separate buyer for 1250 Nov $232 calls at $8.00 offers
Daily. Even though Gold has hit an All Time High, it's a TCL Top now. For new positions, it's best to hold off till a good pullback setup forms. A Gap Down or down leg is likely in the near term.
You buy gold when it breaks out above $190 Gld regardless of rates or whatever