I have recently entered into a call spread with GLD, the gold ETF. I purchased the Dec 92/94 call spread. My analysis on the ETF is fairly simple and are shared below. Remember to always do your own due diligence when investing/trading. I purchased it for $1.25 (includes commissions) and have a sell order in for $1.80 (before commissions).
- Dollar very low
- Oil very high
- ETF broke out of range to the upside
- It is volatile
- European Central Bank will probably raise interest rates to cmbat inflation unlike the US Fed Reserve
- War troubles
- G8 meeting creating worldwide focus on economic issues