בס״ד
Details from Modified Trades, issued April 20, 2020
Posted on April 26, 2020
Last week, we issued subscribers important updates on two trades – the April 16th GDX/UUP initiative and the April 20th IAU/SLV trade.
For the former, we urged the following action:
We are recommending IMMEDIATELY that the trade be reinstated with two legs – a short GDX position (currently at $31.01), and a long UUP position ($27.02).
Move now to close all other open positions and set a STOP BUY order for the short GDX position at $34.00.
And for the latter, we wrote:
Reinstate the trade without the short IAU PUT. That is, sell IAU ($16.10), buy SLV ($14.27), and set a STOP BUY on IAU at a level equal to the credit generated ($1.83) ABOVE the current IAU price — that is, $17.93 (16.10 + 1.83).
REPEAT: buy back or cancel orders for short IAU PUTS.
As they were only sent via email at the time, we now post them here for the record.
Eschatologically yours,
Alan B. Harvard
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