Goldcore Blog | Gold To Triple to $4,000? Options Traders Positioning Themselves With Large Trades | TalkMarkets
CEO, GoldCore
Contributor's Links: GoldCore
Stephen Flood is the CEO of GoldCore, an international bullion dealers with over 4,000 clients in over 40 countries and with over $205 million in assets under management and storage. He is a former Wall Street equity trader and FinTech expert. He has been involved in the precious metals ...more

Gold To Triple to $4,000? Options Traders Positioning Themselves With Large Trades

Date: Monday, December 9, 2019 2:16 PM EDT

Block trade in options market bets futures pass the 2011 record high

Source: Bloomberg

◆ Gold could triple to $4,000 according to “bold bets” in the options market New York

◆ Gold options market saw $1.75 million in block trades speculating that gold will surpass it’s nominal record and could almost triple in a year

◆ 5,000 lots of a gold option giving the holder the right to buy the precious metal at $4,000 an ounce in June were placed around noon on Wednesday

◆ “It’s like 18-month term life insurance; what will the world look like if gold is at $4,000…”

Full article via Bloomberg here


NEWS & COMMENTARY

Gold falls on China tariff move, but set for a weekly gain

Mongolia’s central bank buys 14.4 tons of gold so far this year

Euro zone bond yields set for biggest weekly rise in a month

China to waive tariffs on some U.S. soybeans, pork

Massive Leak Confirms Turkey’s “Gold-For-Gas” Scheme To Evade US Sanctions On Iran

Illegal gold flowing through Miami is a ‘direct threat’ to U.S. national security – Rubio

U.S. Uighur bill’s threat to surveillance economy puts China on offensive

Fed VP grilled at House hearing on billions in loans to Wall Street

‘Don’t fall asleep on gold’ as it gears up for another run

 

GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix)

05-Dec-19 1474.60 1475.95, 1122.76 1122.31 & 1329.65 1329.54
04-Dec-19 1475.85 1475.10, 1131.53 1125.94 & 1332.54 1327.89
03-Dec-19 1470.40 1477.30, 1132.50 1136.78 & 1328.51 1333.12
02-Dec-19 1457.50 1461.15, 1130.00 1130.05 & 1323.26 1321.17
29-Nov-19 1456.35 1460.15, 1129.55 1131.32 & 1323.24 1327.42
28-Nov-19 1457.55 1454.65, 1127.27 1127.35 & 1323.60 1321.84
27-Nov-19 1459.80 1454.35, 1134.12 1129.74 & 1326.23 1322.30
26-Nov-19 1457.65 1454.65, 1133.76 1131.86 & 1322.96 1321.11
25-Nov-19 1459.45 1458.40, 1133.41 1130.84 & 1325.33 1323.35
22-Nov-19 1471.30 1464.45, 1143.05 1140.22 & 1330.35 1326.06

Disclaimer: This and other personal blog posts are not reviewed, monitored or endorsed by TalkMarkets. The content is solely the view of the author and TalkMarkets is not responsible for the content of this post in any way. Our curated content which is handpicked by our editorial team may be viewed here.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.