Huge Bets That Gold Could Triple to $4,000 Trade in New York

[ET180]

Yeah, exactly. What would it take to get $4K Gold? Hong Kong getting invaded by the Chi-Com military and Trump getting shot dead the same day...

Or AOC gets elected president in 2024 or whenever she is old enough to qualify. Warren would probably get it above 2500.

 

[bone]

Neither would get the most destructive parts of their agenda enacted without a ridiculous majority in both Houses. Ridiculous as in purple state Representatives and Senators get to vote “No” and the Bill still passes.

Or AOC gets elected president in 2024 or whenever she is old enough to qualify. Warren would probably get it above 2500.

 

[SunTrader]

Part of trading is understanding what others think.

And I might be dead wrong but I don't think others think .... "the world is coming to an end".

Just the tinfoil hat wearers. Are there enough of them to move Gold to 4K in a year? Doubt it.

 

[yc47ib]

Buying OTM call, getting a 5% return on the money spent in a month or so without much time decay, and unload them using structured ways, I assume this could be a very low risk trade if the buyer is very confident that gold will rise in the next month or so.

This is not gambling, this is a good strategy.

 

[maxinger]

down it goes again.
now price at 1541.

the neck line (or rather neck band) is around 1550.
neck band was established around year 2011 to 2013

 

[SunTrader]

Spot Gold daily/weekly/monthly looks a lot different. Just a reversal day yesterday in an uptrend ... for now.

But what does look ugly is SPX/Spot Gold.

 

[HeSaidSheSaid]

I think it makes more sense for a 5-yr inflation and recession bet than pizzing his premium away.