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Physical Swiss Gold (SGOL) Trading Near $123.59 Resistance Level

Dec 06, 2017 (Marketintelligencecenter.com via COMTEX) --

A covered call identified by MarketIntelligececenter.com's patented algorithm on Physical Swiss Gold (<a href="http://www.marketintelligencecenter.com/symbol/SGOL">SGOL</a>) could yield about 2.17% (7.94% annualized, for comparison purposes only) in 100 days. Pair a long position in the stock with the Mar 16, 2018 $122 call for a net debit of about $119.40. This position also has 2.68% downside protection. Physical Swiss Gold closed at $122.69 Dec 5, 2017. Technical indicators for SGOL are bearish and support and resistance have been about $121.75 and $123.59, respectively.A

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