Ouch on the Dollar! 95.80 before coming back (now 95.66 is up about 0.3%).
That knocked gold back to $1,170 where I feel good about 50 GLD July $111.50/112.50 bull call spreads at 0.50 for the STP ($2,500) and 20 in the $25KP ($1,000).
DBA/Esco – A lot of very strange factors have kept it down but I have faith in the combination of improving consumption, weaker currencies and El Nino to boost it eventually.
In the LTP we have 25 of the 2017 $21/23 bull call spreads and they are still just $1 and you can still sell the $22 puts for 0.75, which is net 0.25 ($625) on a potential $5,000 return. That's a great way to hedge your grocery bill!
