Just watched the “Fast Money” guys on CNBS. They said the options traders just keep rolling up calls on GLD 125 – May, June, July with heavy action.
Don’t know if that’s a buy or sell signal but it looks like punters are looking to $1300 fairly short term.
I do expect we’ll get a pullback soon but it sure seems like something ails the USD and worries the bond buyers.
2016 could be historical, especially in the U.S. Gold sure seems to smell something. I don’t know.