Daily Wisdom from the FoF (Father of Five) Chap : Gold Open Interest
Gents and Ladies,
Take note. There is also seasonal strength from 2nd week nov onwards to around 3rd week December. Was wondering whether a natural disaster will cause the Fed to further ease moving from buying mortgage backed to other securities or treasuries etc.
Look at line 17. There is option interest of approximately USD 5.8 yards for 1800 gold calls. This is the biggest I have ever seen.
What this means is that this strike may act as a magnet to attract gold higher.
Start putting in your accumulators. And KO structures on the upside for gold.