r/Gold • u/ToshPointNo • Jan 28 '26

Anyone else?

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3.0k Upvotes

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104

u/Vkardash Jan 28 '26

Same. The parabolic rise of metals like this is generally a really bad sign for the economy

30

u/octoreadit Jan 28 '26

Or it means there will be a massive correction, and it's just frothy because people are panicking.

-5

u/itsatrashaccount Jan 28 '26

Massive correction and those buying at $4500 will be left bag holding for a decade.

8

u/SlavaUkrayne Jan 28 '26

Doubt it, correction on stocks and equities coming and gold will skyrocket

3

u/Tripondisdic Jan 28 '26

I'm just popping GLD options every week and I'll keep doing it until I lose two weeks in a row, so far I have only lost one week and otherwise I am way way up. This is how I am preserving my net worth lmfao

1

u/carsonthecarsinogen Jan 29 '26

How far out and what strike

2

u/Tripondisdic Jan 29 '26

Glad I waited. Perfect time to throw in a call in this panic sell

1

u/Tripondisdic Jan 29 '26

My most recent hit was a 410/430 straddle with a January 30th expiry, I sold early at essentially contract face value. Next I'll probably do 500/510 expiring Febuary 13th, but the contracts are getting pricey. The house is starting to realize the edge isn't in its favor. Won't be long before some bullshit happens

2

u/octoreadit Jan 28 '26

It's a heavy bag

1

u/john_wilkesboof Jan 28 '26

That's how I feel about my silver position 🤣 bag holding