We have now sold these contracts for $6.80, doubling our money as planned, as gold hits $900.
Through this trade we have generated a 100% profit in 44 days, which just goes to show how fast these options can turn around.
Although we still believe gold prices are heading much higher in the future, our strategy for this options trade was to double our money and we have achieved this goal.
We may purchase these calls back at a later date, but for now we are happy to take the 100% profit and wait and watch for a while.
Well done to anyone who followed us in on this trade, you should now be seeing the benefits. As for our other call options, we expect them to reach to the 100% profit mark soon, so hold on to them.
We haven't sold any gold stocks, as gold prices are heading much much higher in the coming months in our humble opinion.
Also, it may be of interest to see our latest comments which were published on Marketwatch, although more details are available on this website.
These are fast changing times and its essential that you stay up to date with what is going on in the market. For our latest commentary and trading signals on gold, click here to subscribe to The FREE Gold Prices Newsletter and click here for The FREE Silver Prices Newsletter.