KEEP UP WITH OPTIONSCITY

December Fed Looming, Gold Stands at an important inflection point

BenRyan Gold, Blog Leave a comment

Two posts ago, on November 16th, Gold Returns to Critical lows below 1100, I wrote the following.

 

So now, gold has found some buying around 1073, but has shown a lot of difficulty picking up any steam to push it towards 1100. This is an incredibly significant battle that the longs and shorts will fight out in this range. 40 dollars higher gold looks like a commodity that is finding real support and an ability to hold up dramatically well amidst all of the worlds commodity selling. 25 lower makes gold look very unattractive.

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Gold Returns to Critical lows below 1100

BenRyan Gold, Blog Leave a comment

Gold Returns to Critical lows below 1100

By Ben Ryan

Gold managed to get a lot of people excited over the course of the last few months. Following the late July dip to 1080, it was unable to make any further progress to the downside. 1080 became major support, and the metal managed to rally over 100 dollars off of the lows to 1191. Then, in the course of about a week, all that hard work was undone, and gold is back near the lows of 1080, and mere ticks off of making a multi year low at 1073.

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New Range Established, Tread Carefully and Wait for Clues

There are three types of volatility: Implied, realized, and future. Realized is a measure of how much movement there has been during some time period in the past. Implied volatility is the price of options now, which is in some sense a forecast of what future volatility will be.

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Gold Update by Ben Ryan

August 9, 2015

I just wanted to update what has happened since last post, and why I think copper is worth a close look.

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FOMC Minutes Released, Bears still in control of Gold

BenRyan Blog Leave a comment

Another FOMC minutes release has passed. There was the usual media excitement leading up to it, and the usual muted response from the market that follows. People get very riled up when talking about interest rates and the implications of raising them. I turned off the TV this morning when I realized that the segment was being dedicated to speculating on whether today's minutes would include adjectives used in previous minutes releases. Apparently economists are going to have to get PHDs in linguistics if the Fed stays heavily involved in markets much longer. Let's do a quick reality check. What does the labor market have to do with interest rates?

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