9 thoughts on “Smart money positions ahead of 2013 gold price spike”
Robespierre
And what imbecile is selling this morning ?
Banking Thiefs
Betting on a bounce off resistance, no doubt, but if it breaks they’ll be out of their position quicker than you can say “who sold all the gold”.
How many times can it keep testing $1600 before it goes through? Make sure you have a stop.
Banking Thiefs
I would say it all hinges on whether Obama honors the deficit-reduction plan or not.
Disgusted of Tunbridge Wells
‘The firm took an over $20 million dollar “straddle” position on the SLV ETF, which indicates the firm believes we will see a massive and volatile spike coming in the price of silver—either up or down.
-The firm took an over $61 million dollar “straddle” position on the GLD, which similar to the SLV position, indicates the firm believes we will see a massive and volatile spike coming in the price of gold—either up or down.’
Looks like the spike down has paid off for them.
Bob
A straddle position is not necessarily bullish.
Disgusted of Tunbridge Wells
The ‘Smart Money’ hedges both ways as it can afford to. It doesn’t matter how the prices move as long as they move. I don’t see a huge endorsement of upwards movement possibilities.
hve
It seems like the Gold & Silver liberation army is crushed like ants under the soles of Jamie Dimon and the likes….
Max you are not shouting hard enough…
Robespierre
So what’s the news this morning ? Could you at least try to explain the crap going on this morning ? Beyond any logic as usual like so much things. Dont try to find any rational explanation.
hve
I think this article means to say don’t worry gold and silver bugs as the smart money is moving in.
But you should look at things in perspective 240 million out of a 20 billion portfolio is hardly an aggressive move into gold and silver.
And what imbecile is selling this morning ?
Betting on a bounce off resistance, no doubt, but if it breaks they’ll be out of their position quicker than you can say “who sold all the gold”.
How many times can it keep testing $1600 before it goes through? Make sure you have a stop.
I would say it all hinges on whether Obama honors the deficit-reduction plan or not.
‘The firm took an over $20 million dollar “straddle” position on the SLV ETF, which indicates the firm believes we will see a massive and volatile spike coming in the price of silver—either up or down.
-The firm took an over $61 million dollar “straddle” position on the GLD, which similar to the SLV position, indicates the firm believes we will see a massive and volatile spike coming in the price of gold—either up or down.’
Looks like the spike down has paid off for them.
A straddle position is not necessarily bullish.
The ‘Smart Money’ hedges both ways as it can afford to. It doesn’t matter how the prices move as long as they move. I don’t see a huge endorsement of upwards movement possibilities.
It seems like the Gold & Silver liberation army is crushed like ants under the soles of Jamie Dimon and the likes….
Max you are not shouting hard enough…
So what’s the news this morning ? Could you at least try to explain the crap going on this morning ? Beyond any logic as usual like so much things. Dont try to find any rational explanation.
I think this article means to say don’t worry gold and silver bugs as the smart money is moving in.
But you should look at things in perspective 240 million out of a 20 billion portfolio is hardly an aggressive move into gold and silver.