Er Guld ved at afløse amerikanske statspapirer? Goldman ser nu guldpriser op i 3700 USD

Unstoppable gold managed printing anther new ATH. The bounce on the 50 day a few sessions ago was just perfect. Note RSI is becoming rather overbought, but things can stay overbought for longer than most think possible…

Finally that upside gold convexity kicked in. GS writes: Aggregate call volumes were >60% above average. Gold 3month implied volatility richened significantly. And normalized 25 delta put-call skew registered its largest 1 day fall for at least the past year (chart 2). Chasing gold options given current vol levels is expensive in our view. Overwriting relatively expensive gold vol screens attractive (especially if using for directional strategical views).