If they lose control of inflation than yes.. You will see daily spikes like today and it would be unstoppable.. I do not think that once it starts running there is no stopping it. jmho
Nice start.... We could move another $20 tomorrow
Gold should be up $20 with that much of a move down in the dollar. Gold will now go up when news is good and not bad..
Do you really pay attention to after markets? You have to be kidding me. Futures are flat and unless they move 100 pts either way pay no attention.
Sentiment: Strong Buy
Most of us don't care. Please keep the discussion to Apple and its business.
If the price was manipulated for OEX it would of closed below $91 but the Call writers got their faces ripped off and lost millions. That was a huge bullish moment for Apple!
There is no premium. Just the difference between the price of the GLD and the price of the option.. If there was premium those would be selling for $2500 or so.
That is bullish bet. Right now there is no premium. He is betting that this goes much higher. He is not going to put 12 million on the line to remain even.. I believe a player of this size is looking for a huge move in the GLD.
and they were afraid to come out and talk about it. He just commented on how Tim Cook is open about being gay using it as an example. You people who are so obsessed with making sure you parse everyones words when they talk about this subject is getting really old.
You miss the whole context of that conversation. They were interviewing a guest who talked with gay CEO's and how they were afraid to come out and talk about it. Simon just commented on how Tim Cook was open about being gay.
Skarielarry I think the price of gold is going to skyrocket this month. The activity I see in the options market is crazy on the bullish side. That $12 million dollar sale of Aug. 145 puts was the biggest I have seen in a while... They are betting that Gold is going up over $200 in the next 2 months.. Wow!
Only a fool thinks the way you do. Endless printing of money is the death to all societies.. Law of supply and demand. Every fiat currency that has ever been created has been destroyed by that. It is too tempting to keep printing. The gold standard kept the printing of money in check. It is only a matter of time. Once China announces it has more gold on hand than both the U.S. and Europe and they decide to back their currency with it the whole world will start using it to trade oil and it will become the worlds new currency. It is only a matter of time and when that happens you will wish you owned the physical.. agian, jmho
that is crazy! That is a $1000 move in gold by January!
They are betting that the price of gold is going to go up over $200 by then. Also, there was an abnormal amount of call buying on Friday for July thru September... They were also buying the 127-129 monthly calls that expire tomorrow! I am expecting a $50 movement in gold next week. I hope silver follows.. That $12 million bet is huge!
Gold is going higher! They are betting that the $145 put is taken out by August! Nice!
Options on the call side for all months has exploded! Go in and look at July thru Jan.. Massive amounts of calls are being bought and they were extra aggressive on Friday!! GLTA