Gold Hedge; Big money flowing

This forum is for discussing hunting and collecting US and Canadian circulation Silver Bullion Coins, other types of minted bullion, and other types of precious and base metal investments other than Bullion Pennies and Nickels.

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Gold Hedge; Big money flowing

Postby fb101 » Thu May 26, 2011 7:00 am

Just bumped into this article

http://club.ino.com/trading/2011/05/loo ... k-on-gold/

Over the course of the past few months, one large buyer has accumulated approximately 50,000 gold call option contracts — most of the calls are strikes between $1,600 and $1,800 an ounce and for expirations between August and December. In total, as much as $50 million in call premium has been paid out by the purchaser
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