$GLD

GLD

SPDR Gold Shares

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As of 10-01
09-28
T3 LivePublished 2026-09-28
“Scott Redler’s #630club - LIVE Premarket Stock Market Update”
$GLDBearish
GLD is technically weak (below all MAs) and vulnerable for short-term trading, though suitable for long-term accumulation.

I think the worst trade I did last week, well, not the worst with the worst option trade. Um which I would do was gold. I bought a little bit of gold options though right here.

On this day, I bought a little GLD 410s. I didn't buy GLD itself. I bought the 410s. I gave it I'm like, "Hey, you know, a higher low. It's looking okay. Down from 509. I didn't add to it and uh it's making a new low and you know, there's nothing you can do about that.

You know, if you trade if you buy gold every single month, you don't care. You know, if you buy silver every single month, port, you know, part of an asset allocation program, you're going to do just fine.

If you trade these things and you want to get paid in October, in September, then you have to be a little careful. This is below all the moving averages. It's a little bit a little bit vulnerable.

So when that's the case and I'm trying to anticipate, I do a little bit of options.

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