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

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



Watch Our Latest Video Update Here


SIGN UP FOR OUR AWARD WINNING MARKET UPDATES HERE


Mark O'Byrne

Also on news-goldcore-com

Videos

Gold Mining Operation Supply Issues Points to a Sustained Bull Market for Gold

What could send gold to $5000 per ounce?

Is it Good to Buy Gold Now?

Blog posts

Gold to Gain Momentum in 2021 – Here’s Why

Big ideas are like supertankers filled with oil; both take forever to get moving. The move from one state to another is a boring form of entertainment. However, each is impossible to stop once the momentum has built. Substantial progress can be seen over a period of time and one can notice and understand the […]

READ MORE

New Video: Dominic Frisby -Why Now is a Good Time to Buy Gold

This week’s guest on GoldCore TV is financial writer, author, and comedian Dominic Frisby who joins Dave Russell to discuss financial markets, inflation and why now is gold and silver’s time to shine… Watch the Video to Learn More Make sure you don’t miss a single episode… Subscribe to our YouTube channel. Gold to hit $3,000, […]

READ MORE

Will Gold and Silver Surge to New Highs in 2021?

Gold has clearly broken out to the upside in recent days and silver is rallying along with it! Gold has pushed past its 200-day moving average and broke upwards through the downtrend line. The gold price has risen 12% in US dollar terms from the year-to-date low set on March 30, 2021, of US$1683.95 to […]

READ MORE

Featured

How High is Too High for Rising Government Bond Yields?

READ MORE

Gold, the Tried-and-True Inflation Hedge for What’s Coming!

READ MORE

Silver – 7 Reasons it is Still Set to Soar

READ MORE
Newsletter
Category
Archives
Popular

No posts available

Videos

Gold Mining Operation Supply Issues Points to a Sustained Bull Market for Gold

What could send gold to $5000 per ounce?

Is it Good to Buy Gold Now?

Blog posts

Gold to Gain Momentum in 2021 – Here’s Why

Big ideas are like supertankers filled with oil; both take forever to get moving. The move from one state to another is a boring form of entertainment. However, each is impossible to stop once the momentum has built. Substantial progress can be seen over a period of time and one can notice and understand the […]

READ MORE

New Video: Dominic Frisby -Why Now is a Good Time to Buy Gold

This week’s guest on GoldCore TV is financial writer, author, and comedian Dominic Frisby who joins Dave Russell to discuss financial markets, inflation and why now is gold and silver’s time to shine… Watch the Video to Learn More Make sure you don’t miss a single episode… Subscribe to our YouTube channel. Gold to hit $3,000, […]

READ MORE

Will Gold and Silver Surge to New Highs in 2021?

Gold has clearly broken out to the upside in recent days and silver is rallying along with it! Gold has pushed past its 200-day moving average and broke upwards through the downtrend line. The gold price has risen 12% in US dollar terms from the year-to-date low set on March 30, 2021, of US$1683.95 to […]

READ MORE

Featured

How High is Too High for Rising Government Bond Yields?

READ MORE

Gold, the Tried-and-True Inflation Hedge for What’s Coming!

READ MORE

Silver – 7 Reasons it is Still Set to Soar

READ MORE