John Lansing

A Once-in-a-Lifetime Opportunity to Profit in Gold

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Folks, gold is in a parabolic rally worldwide, and this global phenomenon is your once-in-a-lifetime chance to cash in on this huge bull market!

If prices are going up, they are going up, and that is that. It's time to stop trying to figure it out, accept that it is happening and act accordingly. If you hesitate you may just miss the gold train.

Technicals Support the Gold Rally

If you still need more convincing, consider the technicals:

• Gold soundly rejected the $983 area a couple of times, and did so with vigor. Those expecting a correction will have to live with the shallow pullback we were lucky to receive.
• Gold has now closed over $1,000 numerous times, and is likely going to stay above this level.
• The sideways move from $983 to $1,025 during the month of September now looks like a sizeable base from which gold can be propelled to much higher price levels.
• Many gaps prior to this week's breakout have been filled and/or serve as important support levels that will hold for many weeks and likely months to come.
• September's monthly close was the first one above $1,000.
• In overnight trade on Oct. 7^, we finally crossed $1,050, a new all-time high.

These types of milestone developments do not go unnoticed. From a technical standpoint gold looks like it will continue to skyrocket to new all-time highs.

How You Play Gold So You Aren't Tardy to the Party!

So, are you ready for another winner in the gold sector? Well then take a look at the Market Vectors Gold Miners ETF (GDX).

See full-size chart.

Currently trading around $48, I think GDX is going to make a run for the old high resistance at $56.87 in the next couple of months. So we're going to play this move with the GDX Jan 55 Calls (GDDAC) and the GDX March 60 Calls (GDDCH).

While I think GDX will hit these levels before January, I like to give myself time for things to play out when trading options, and I always go for the low-risk/high-reward trades.

Buy the GDX Jan 55 Calls (GDDAC). Currently trading around $2.55, these calls should trade up to about $7 to $9, leaving plenty of room for profits, especially if you scale into the position on dips.

Considering this option has a volatility rating of 45.25, these calls should trade as low as $1.25 to $1.80 on the biggest pullback days. So if you time your entry and scale into the position, then you stand to make big profits!

Buy the GDX March 60 Calls (GDDCH). Currently trading around $2.55, these calls should trade up to about $9 to $11. This option has a volatility rating of 45.15, and these calls should trade as low as $1.25 to $1.80 on the biggest pullback days, so you should also try to scale into this position.

Now go forth and profit, and stay tuned for my next gold update on OptionsZone. 

The old ways of investing don't work anymore. But trading options founded on scientific principle can and does work in volatile times like these.

In his latest report, learn how John Lansing leverages the power of technical analysis to identify the short window when a trade is set to go straight up or down. Get your FREE copy here!