Earlier today I laid out 3 trades I planned to enter on Wednesday Nov 9 following the Presidential win of Donald Trump.
In the morning Gold shot higher at the open taking the GLD ETF higher with it, reaching 124.35.
However after the open gold fell back and by the end of the day GLD was down to $121.56 as the big opening bounce died quickly, once it became obvious that the stock markets were not going to fall apart.
Dire predictions of a collapse similar to 9/11 if Trump won the Presidency failed to occur and instead stocks dipped twice in the morning and then bounced back up. This took the wind out of the rally in gold.
GLD ETF Trades For Nov 9 2016
In my earlier article I laid out a number of trades I would be trying to enter on Wednesday. Here are the results along with an outlook for further trades and an outlook on gold and where it may be headed in the next several months.
This GLD ETF article is for FullyInformed Members.