bowman711

Betting on $1000 Gold in September

Gold has tried to rally three times this week, only to be beaten down by naked short selling by the 'big eight' bullion banks. This has been done repeatedly since March. Gold will probably go nowhere until something so dramatic happens the causes an overwhelming flight to gold, something beyond the control of the bullion banks. The most likely such event (as of now) would be an Israeli attack of Iran's nuclear program. The experts who are speaking out on such an attack seem to think it is most likely to happen between the election and the inauguration. Therefore, if one is looking to buy calls, I'd suggest buying the January calls. I'd say it's the same for oil calls.