By Brian Spurlock Someone with a big pocket, for sure a professional, made a huge Gold bullish option bet during the last trading session. The trader purchased 40,000 Mar 2015 GLD or SPDR Gold Trust (ETF) (NYSEARCA:GLD) gold call options. The strike of the call options was $120, which is not very far from the current price of about $117, so the premium paid was huge. Still due to the limited[...]
Tag: silver futures
Stunning Amounts Of Euro, Asian, & Indian Gold Buying
Today London metals trader Andrew Maguire told King World News that there is currently stunning amounts of euro gold physical buying taking place in London. Maguire also spoke about the staggering demand for physical gold elsewhere around the world. Below is what Maguire had to say in Part I of a series of interviews. Maguire: “There is solid evidence of continued investment bar demand coming[...]
Overt Repression – Australian Scholar Says Futures Markets Suppress Commodity Prices, Keep Producing Nations Poor
by Ed Steer Yesterday In Gold & Silver The gold price got sold down a few dollars right at the 6 p.m. EDT open on Sunday evening in New York. It rallied back to unchanged within a few hours, but all four attempts to rally above unchanged during the Monday trading session were met by a willing seller. Then, once the 1:30 Comex close was in, the not-for-profit seller[s] sold gold down some[...]