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What's Going On With Gold? Massive OTC Options Position?
Published 1 year, 11 months ago
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I wanted to take a look at the gold price today. As I'm sure you are aware, it has been extraordinarily strong in recent weeks.
$2,100/oz, or just below, was resistance for four long years. Each attempt - and there were at least three - to get through that level stuttered and stalled. Then, last month, after a false break late last year, we broke out. Gold has not looked back, suddenly putting on over $200 and behaving like something out of the spivvier end of the cryptocurrency markets.