Thursday, June 20, 2019

GLD/Aug GC extremely bullish

It doesn't require a highly sophisticated technical analytic system to see that gold is aggressively pursuing multiyear highs.  A combination of changing perception about increased likelihood of a Chinese trade deal as well as Fed Fund futures pricing nearly 100% odds of a rate cut in July have created a "goldilocks" scenario for GC.  Deep OTM calls are the only way to play.

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