With GLD trading over $173 and near its last high (in Nov of $175) CCI sold the March $155 call in the portfolio today.
This completes the fourth round trip for this trading strategy for holding gold. As shown in this google doc, this round trip had a robust 19% gain, to bring the total gain for this strategy to 56%. Gold is up "only" 32% during this same period.
CCI remains long gold via the Jun $175 calls. If gold pulls back we will consider adding to the position in some manner.