Gold To Triple to $4,000? Options Traders Positioning Themselves With Large Trades

◆ Gold could triple to $4,000 according to “bold bets” in the options market New York

◆ Gold options market saw $1.75 million in block trades speculating that gold will surpass it’s nominal record and could almost triple in a year

◆ 5,000 lots of a gold option giving the holder the right to buy the precious metal at $4,000 an ounce in June were placed around noon on Wednesday

◆ “It’s like 18-month term life insurance; what will the world look like if gold is at $4,000…”

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GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix)

05-Dec-19 1474.60 1475.95, 1122.76 1122.31 & 1329.65 1329.54
04-Dec-19 1475.85 1475.10, 1131.53 1125.94 & 1332.54 1327.89
03-Dec-19 1470.40 1477.30, 1132.50 1136.78 & 1328.51 1333.12
02-Dec-19 1457.50 1461.15, 1130.00 1130.05 & 1323.26 1321.17
29-Nov-19 1456.35 1460.15, 1129.55 1131.32 & 1323.24 1327.42
28-Nov-19 1457.55 1454.65, 1127.27 1127.35 & 1323.60 1321.84
27-Nov-19 1459.80 1454.35, 1134.12 1129.74 & 1326.23 1322.30
26-Nov-19 1457.65 1454.65, 1133.76 1131.86 & 1322.96 1321.11
25-Nov-19 1459.45 1458.40, 1133.41 1130.84 & 1325.33 1323.35
22-Nov-19 1471.30 1464.45, 1143.05 1140.22 & 1330.35 1326.06