Gold Hedge; Big money flowing
Posted: Thu May 26, 2011 7:00 am
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