Gold Hedge; Big money flowing
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Just bumped into this article
http://club.ino.com/trading/2011/05/loo ... k-on-gold/
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