New Trade Alert

Gold has fallen to the 200 Day MA. This is the strongest support we have for Gold. It has not broken the 200 Day MA since January 2009. See attached charts or yahoo chart link below. Expect a bounce here and this could be the bottom and strong support for a rally from here.  

http://sg.finance.yahoo.com/echarts?s=GLD#symbol=gld;range=04112008,12122011;compare=;indicator=sma(200,,)+volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=;

This is very bullish Jan 2013 calls are expensive but worth it.

We are buying January 2013 calls with a strike price of 160. GLD130119C00160000 

We are also adding to the GLD ETF position.  

Best,

Robert McManus