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COMMENT ON GOLD PRICE FALL FROM THE FLOOR ...

COMMENT ON GOLD PRICE FALL FROM THE FLOOR ...

Heavy buying of the January 1790 and 1800 calls seen.
The buyer of those January puts rolled them from the 1700 strike to the 1675 strike.

If it is the same party on both sides then this strategy would lock up a $100 range in gold
There are only two types of users that would do this - a central bank or a gold mine.

He now has a free look down to 1675 using the profit from the 1700 put sales.
He now owns the January 1675 put and the 1690 put same month.
The expiration date is Dec 27.
From what we know the put buyer is an Asian central bank (possibly China).

Anon

29 Nov 2012

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