Did you get to initiate your position before the Friday jump?Nope. Tricky call here. Chase it or wait for a pullback? When gold retook the 200 day moving average back in early 2009, if you were patient it did pull back exactly to the 200 DMA in April 2009. Sentiment has actually gotten really bullish quickly which would argue for a pullback or some sideways action to maybe bring it back neutral.But if gold is ultimately headed to 2300-3000 (a couple of the technical price targets) one could ask does it really matter if you buy at 1645 (the current 200 DMA) or 1698.What is the best asymmetrical way to get exposure to Gold, of course no futures. :)The longest dated LEAP calls on GLD. Depending on how much time premium you want to pay, you could go really deep ITM to basically get a leveraged play that will move 1 for 1 with GLD.
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