From Friday till Monday, most invested heavily in Gold and Silver had a jittery weekend. Digesting from the sudden gold and silver plunge, went into frantic mode of selling or topping up the account to maintain the margin of not closing the existing Options holdings. Silver had stabilise and I believe it will start to charge up again from 3 Feb onwards due to the big correction.
The talk has been hinting to run, take profits, gold amd silver to go down. It had proven those who feared, would take profits causing prices to go down. But it would swiftly charge up again. The question now is how much capital and risk are investors willing to take in this Gold Silver Rush.
$Apple(AAPL)$ I had been rolling over my put options for Apple. It just need 1 Big push factor and i believed that it will turn bullish soon once it reaches its double bottom.
It should be a temporary pullback for a few days and Silver will continue to be bullish as demand is note than supply globally. Don't be deterred by thr pullback for a few days.
Buy Put Options with longer maturity ranging from 50s-70s. Close the trades when prices surge hold when it decline. Should be able to earn decent premiums without loses .