67 days ago • Posted by Paul de La Baume
Gold, gold miners, and dollar return to equilibrium $GLD $GDX $DXY
Gold prices had run up slightly faster than the dollar had weakened amid buyers' enthusiasm, but that is no longer the case as the yellow metal pulls back. Similarly, gold miners have quickly caught up to the yellow metal's performance amid improving sentiment for gold, after the banking stress pressed many would-be buyers to go shopping either for the physical metal or add a bit of it to their portfolio. In fact, call options volume for the SPDR Gold Trust has jumped recently, revealing investors are taking more aggressive bets that gold will make a move on the upside.
