Monday, January 6, 2020

2020: Investment Thesis Update...

In four days since the US killing of Iran's top general, gold is up ~$60/oz.

Unfortunately, the options on GLD (SPDR Gold Trust ETF) have not moved as expected.  Typically, the GLD has traded at a ~$80/oz discount to the spot price.  However, the GLD has not reflected the $60/oz increase in the spot market. 

However, oil is up and the equity markets are down as traders come back for a normalized week after the Christmas break.

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