Lack of near-term positive gold price catalysts and the recovery in the stock markets have prompted holders of the SPDR Gold Trust to liquidate their holdings, which have fallen 39% this year to 827.6 metric tons.
It seems that once again the concept of quantitative easing is misunderstood. The newest mantra that the Fed and some analysts are trying to sell you is that taper isn't tightening. Well it is.
The stock market could use a healthy correction soon, before prices start rising at an unsustainable pace.
An investor bought $5.12 million in call options that will be profitable if the Chicago Board Options Exchange Volatility Index jumps at least 50 percent in the next four months.