Hubert Senters here. Let’s take a look at gold. So, yesterday I did a video and said it’s not too late to get some gold. And today it went up another $17.50. If you did one futures contract, that means every point it goes up, that’s 100 dollars. That would be $1,750.
Now if you trade GLD, which most of you probably trade cause they’re not as many people that trade futures as they do stocks and ETFs. Let’s see if we can figure out which way, well not which way, we kinda think we know that gold and GLD is going higher.
But let’s put a target on GLD. What I’m going to do is use a fibonacci extension line. I’m going to click once on the low, once at a high, and once at a new low. So, low, high, and new low.
Next target for GLD will be 167, 170, and 171.
I’m going to hyperlink you to Dr. Ron Paul’s Urgent Coronavirus Message for Every American. I’ll hyperlink here, watch the video, and let us know what you think.
Good luck, hope it helps, and I’ll see ya in the next video.