Gold Breaks Out. Silver Explodes. Volatility Erupts. Are You Still Flat?
Goldilongs
Gold extending the break out move above the triangle. A proper close above $4200 and we could be looking at ATHs sooner than later.
Source: LSEG Workspace
Say it with options
As we outlined the logic earlier this week: "We find using gold options strategies such as call spreads attractive. Volatilities have stayed elevated, but upside is very well bid, offering attractive call spread plays, especially for the ones "afraid of heights".
Source: LSEG Workspace
Sceptical speculators
The year's about to end and you're not long enough the shiny stuff. Good luck explaining this to the boss.
Source: LSEG Workspace
Seasonality
GLD seasonality is strong during the first months of the year.
Source: Equity Clock
Sexy silver
Powerful move above huge resistance levels. Silver has basically surged 10% since Monday lows. We are overbought, but far from extremely overbought.
Source: LSEG Workspace
Aren't you watching price action?
Silver specs have missed most of the silver squeeze.
Source: LSEG Workspace
Silver and AI
Silver trying to tell us there is nothing bad in AI land? One thing is certain, you need silver to run those AI machines.
Source: LSEG Workspace
Silver's vol explosion
Here we go again, silver volatility, VXSLV, exploding to the upside.
Source: LSEG Workspace
Spot to follow?
Gold about to catch up some of the lag vs little brother?
Source: LSEG Workspace
Vol to follow?
If gold volatility is to catch up to silver's latest volatility squeeze, then there are cheap option upside plays in gold to be explored.
