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Options Investors Turn Bullish on Gold

Gold options investors are placing bullish bets on the future price of gold.

 
PRLog - Nov. 15, 2011 - Gold options investors are placing bullish bets on the future price of gold. Calls to buy the SPDR gold trust has increased over puts to sell gold 1.5 to 1 in the past week, the highest level since August 8. The ratio has increased 6.5 percent in the past month with most options investors hedging for a 28 percent price increase in the price of gold.

The jump in activity around gold and gold coins corresponds with a more than 30 percent increase in the VIX market index which measures volatility. The increase in the VIX index last week was the steepest move in the past three months.

Investors are concerned that continued economic turmoil in Greece and Italy threaten the global markets. Experts believe that new rounds of money printing stimulus may be forcing the global economy toward financial crisis.

The only way to protect yourself in the event of a financial meltdown is with high quality gold backed investments. We can help your protect your life savings with gold bullion and pre-1933 gold coins. For more information about protecting your family assets with gold, check out our website at http://www.aglobalcurrency.com.

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Source:Global Gold Group
Country:United States
Industry:Jewelry, Finance, Banking
Tags:banking, investment, buy gold, invest in gold, gold coin, silver coin, economy, price of gold, gold bullion, gold ira
Shortcut:prlog.org/11725169
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