Huge bets that gold could triple to $4000 trade in New York
“The gold options market saw $1.75 million in block trades betting the precious metal could almost triple in more than a year, surpassing the record. Around noon in New York, 5,000 lots for a gold option giving the holder the right to buy the precious metal at $4,000 an ounce in June 2021 changed hands. The bets were sold at $3.50 an ounce.”
USAGOLD note: Under what extraordinary circumstances would gold go to $4000 by June of 2021? Difficult to imagine what it would take in the way of market and economic turbulence . . . . . .
Repost from 11-29-2019