The lowest risk entry now for a really long-term position is wait for the pullback to the 200 DMA/10 month moving average. Looks like Gold had bounced off the 200 DMA as expected. I was too busy following election and getting diverted with political posts and completely missed this.Given the fiscal cliff and all other uncertainties I am hoping Gold will not crash. I am thinking about credit spread.I can buy $145 put Jan expiration and sell $155 put for 3% return on capital at risk or $155/$160 for 17.5% return.The $145/150 gives me 10% downward protection for 70 days to expiration with 200DMA in between for support looks interesting bet even though 3% simple return and 15% annualized return is is not so great but okay.Any thoughts, suggestions?
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