To: bull_dozer who wrote (211130 ) 2/10/2025 8:16:41 AM From: TobagoJack Respond to of 218105 >> THE F*CKING F*CKS... From behind paywall, gold rises, but as far as I can sense, not much fanfare, a puzzle In the meantime gold is still dirt What a strange idea, that the Trump should put a tariff on gold importzerohedge.com Gold Bros Winning: $3k Surge Incoming BY THE MARKET EAR MONDAY, FEB 10, 2025 - 20:30Gold - on the road to 3k Unstoppable gold continues surging today again. As we have been pointing out recently: gold is overbought, but there is room for it to move even higher before we reach the upper part of the channel (comes in around $3k). Source: Refinitiv When in doubt - use options We have been pointing out the call spreads logic in gold for some time. Part of the reasoning is the "upside skew" feature of gold. The other part of the logic is that people often tend to miss aggressive moves higher as they think "this has already gone too much". Playing these kind of setups via options is often attractive as you know the max money lay out, and do not need to be "afraid of heights". For the ones that played the call spreads logic, make sure to roll into higher strikes dynamically. Source: Refinitiv The golden tariff risk COMEX gold inventories spiking as the crowd is "front running" the risk of tariffs on physical gold imports by moving it from London to the USA. Source: Topdown charts The longer term view The central bank bid in gold is big...but could get much bigger. Source: Topdown charts Mine it Gold vs GDX gap trading with a very wide spread. Nothing new, but imagine GDX starts to play a proper catch up trade? Source: Refinitiv Valuation Relative gold bargain in miners... Source: Topdown charts Unloved Long gold miners is definitely not a popular trade... Source: Topdown charts