Could the Fed's Jackson Hole speech finally be the start of the Gold rally? I'm betting on it.

Gold rallies to score first weekly gain since early July - https://on.mktw.net/2wctnpQ

Here is a summary of my current positioning and trades.

Closed Positions Today

0

Opened Positions Today

1. Bought More XOP Puts September-21st-42 Strike at 1.02

Current Short Term Outlook:

1. Bullish Gold Miners
2. Bearish Oil & Gas Co's
3. Bullish Volatility

Current Open Positions:

1. Long GDX Calls Sept-21st-20 Strike (.60 Average Cost Basis)
2. Long XOP Puts Sept-21st-42 Strike (Cost 1.39)
3. Long VIX Calls Sept-19th-12 Strike (Cost 2.80)

14 Closed Trades in August

13.78% Average Gain per Trade in August

Submitted August 24, 2018 at 06:07PM by JayFig_The_Trader https://ift.tt/2NfVQBB