This is unusual:
A larger investor has been buying December gold call option spreads of $15,000/$20,000 on the Comex exchange.
This means gold prices would have to TRIPLE from current levels by late 2025 for the trade to expire in the money and pay off.
The trade can also profit from a sharp rally or a spike in gold volatility well before the expiration of these options.
The position started building after gold prices hit a record $5,600 in the last week of January.
Even after gold prices fell below $5,000, the buyer of these calls has continued to accumulate contracts, with open interest surging to ~11,000 contracts.
Someone is betting on a near-term violent move higher in gold.
I am buying dip ...I am not short term invester my goal is for 5-10 year ... that's it ...goal is clear ...short term volatility not affecting my long term goal .
Reply to this post with your EVM wallet address for some MON on Monad mainnet - launching on Monday.
The MON will cover your first few gas fees so you can start using the chain right away.
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99.99999% of people here don't understand the difference between TRADING and GAMBLING. 99.9999% gamble, the 0.0001% trade. And that's the truth! That's why the masses fail! But to understand it, you must first fail thousands of times, and then you'll understand.