/GC Option Expiry Dealer Risk Analysis

I’m little late in posting this and it’s a little less useful now, with Gold having spiked higher post the horrible durable goods data this am. Nonetheless, here’s how dealer risk is looking ahead of the 1:30pm options expiry for Gold futures. The 1200 and 1275 levels fall well beyond the average maximum move range for […]

Update on Gold Short

Since posting about my “weird feeling” towards Gold’s price action on Tuesday, we’ve seen some major mixed moves in Gold futures and I’ve been able to perform some additional analysis worthy of an update. In full disclosure, I added June 1200 puts on Wednesday, but I did not end up putting on the long Gold derivative hedge I contemplated earlier in the week. […]


Weird day for Gold

Sometimes, in the market, I get a weird feeling, where something just seems off. Today was one of those days. Gold’s price action just seemed off. I like to use correlations between different asset classes to help shape a narrative for how the market is trading. While the longer duration correlation data fails to support a “risk-on”/”risk-off” […]


Helicopter Money: Nah, That Would Never Happen…Think Again!

  I’ve long understood Friedman’s concept of “Helicopter Money,” but until last year, I had never explicitly encountered the term outside of academia. So when I saw an FT article mention “Helicopter Money” as a possible last resort alternative to QE, I instinctively dismissed it as hyperbole. Since then, however, I’ve noticed the term popping up in more and more places. […]