Gold Market Commentary: Buyer Of 2,000 December 1,800 Calls Emerges

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Tue, 02/01/2011 - 20:24 | 925782 CU1981
CU1981's picture

GOLD Bitchez !!


Sorry couldn't resist ... lol

Tue, 02/01/2011 - 20:27 | 925792 william the bastard
william the bastard's picture

FMX Connect posted almost exact postionings this morning. You got wet for nothing.

Tue, 02/01/2011 - 20:34 | 925807 Tyler Durden
Tyler Durden's picture

Is your point that there is no buyer of December calls?

Tue, 02/01/2011 - 20:41 | 925824 tmosley
tmosley's picture

He has no point.  He's goldenmiddelfinger under a new pseudonym.  Just a drive by troll.

Wed, 02/02/2011 - 02:31 | 926487 william the bastard
william the bastard's picture

butt out

Wed, 02/02/2011 - 09:19 | 926784 tmosley
tmosley's picture

No, you can just fuck off, sock puppet boy.

Wed, 02/02/2011 - 08:33 | 926711 ColonelCooper
ColonelCooper's picture

Wrong.  Goldstinkfinger would regail us with tales of his wealth, his book, his ex wives etc.  This dumbshit it, as you have said before:


Tue, 02/01/2011 - 20:44 | 925831 william the bastard
william the bastard's picture

FMX Connect posted almost exact postionings this morning.

Tue, 02/01/2011 - 21:23 | 925926 tmosley
tmosley's picture

Learn how to read, shit-for-brains.

It clearly says "From FMX Connect" at the top of the article.

Tue, 02/01/2011 - 23:15 | 926155 Freddie
Freddie's picture



Tue, 02/01/2011 - 23:23 | 926175 hedgeless_horseman
hedgeless_horseman's picture

Skew firmed up today with calls being bought in December and August. Puts were sold in April, June, August and October.

Help me out here, please.  Didn't somebody (other than the exchange) take the other side of these trades?  Couldn't one also say, "Skew firmed up today with calls being sold in December and August. Puts were bought in April, June, August and October.

Disclosure statement:  I am not a metals options trader, only a horse trader.

Tue, 02/01/2011 - 23:23 | 926176 hedgeless_horseman
hedgeless_horseman's picture


Wed, 02/02/2011 - 00:15 | 926280 merehuman
merehuman's picture



Wed, 02/02/2011 - 02:37 | 926494 Bay of Pigs
Bay of Pigs's picture

For the Gold Douchebags here, let me tell you, this price discovery sickens me like it did in 2003 when gold was trying to break $300, or 2004 when gold was breaching $400. 

Figure it out...we're going a lot higher.

Tue, 02/01/2011 - 20:56 | 925860 YHC-FTSE
YHC-FTSE's picture

Way off topic, but thought this might interest you:


An exchange-traded fund designed to track Egypt is open for business, and has been drawing in money, even though the Egyptian stock market remains closed amid antigovernment protests.

Tue, 02/01/2011 - 20:45 | 925833 CU1981
CU1981's picture

BTW: I won't get wet until true price discovery occurs, then I might wet on you. So watch out

Wed, 02/02/2011 - 02:06 | 926447 Sands8oo
Sands8oo's picture

william the bastard: whisperings in the night as once again, a fucktard speaks.

Tue, 02/01/2011 - 20:56 | 925859 papaswamp
papaswamp's picture

you rock!

Tue, 02/01/2011 - 20:28 | 925794 chump666
chump666's picture

from memory their was a huge offer at 1300

all markets have bubbled out.

Tue, 02/01/2011 - 20:30 | 925795 Monkey Craig
Monkey Craig's picture

Seemingly very bullish, but do we know the identity? average volume for these contracts?

Wed, 02/02/2011 - 03:12 | 926541 Math Man
Math Man's picture

But look at the skew.

This doesn't mean shit.

Tue, 02/01/2011 - 20:35 | 925796 Threeggg
Threeggg's picture

Yo !

TD, hearing rumors of the commodities (CME chicago) markets will be closed tomorrow because of the snow ! seriously ??????????

 whats the scoop ??

will there be any price discovery tomorrow ?


Tue, 02/01/2011 - 20:40 | 925821 Threeggg
Threeggg's picture

They were just talking about it on Faux Business a few minutes ago !

Tue, 02/01/2011 - 20:48 | 925838 small watcher
small watcher's picture

Wasn't watching foxy news.

I'm just trying to build a joke around the line

Because of the snow, there will be no snow futures trading

but I haven't quite worked it out.

Tue, 02/01/2011 - 21:14 | 925876 Threeggg
Threeggg's picture

watcher there are snow related futures/options trading on the CME = In you guessed it ! (snow accumulation derivatives) !? Huh ?

"But there is a market to trade derivatives tied to snowfall amounts"

Since last winter, the company that owns the Chicago Mercantile Exchange has offered a market for businesses and investors to trade futures and options — they also are known as derivatives — tied to the amount of snow that falls during a set time span.

Tim Andriesen of CME Group, which also runs other weather-based markets, said the snow-based derivatives have not tended to attract thrill-seeking gamblers looking to put a bet on something unpredictable — Mother Nature's roulette wheel.,0,5567024.story

Thought you were crazy eh ! ?

Tue, 02/01/2011 - 22:59 | 926128 Fraser434
Fraser434's picture

Weather trading is not a new concept, Enron was one of the first to offer it.

Tue, 02/01/2011 - 23:23 | 926177 RmcAZ
RmcAZ's picture

Holy shit... this is retarded.

Wed, 02/02/2011 - 01:21 | 926393 snowball777
snowball777's picture

Sweet. How expensive is a snow-making machine? I wanna do a Paulson!

Tue, 02/01/2011 - 21:07 | 925889 c-rev with a twist
c-rev with a twist's picture

The Bernank can overcome the blizzard with his mouse wheel.

Tue, 02/01/2011 - 21:28 | 925942 Drag Racer
Drag Racer's picture

but I haven't quite worked it out.

try: '24 hour price freeze due to snow' or '24 hour snow due to frozen prices'

Wed, 02/02/2011 - 13:01 | 927748 Strider52
Strider52's picture

I'm going long galoshes.

Tue, 02/01/2011 - 21:18 | 925914 yabyum
yabyum's picture

I thought the big Land Rovers w/ Bizzaks could make it through anything.

Tue, 02/01/2011 - 23:58 | 926255 LongSoupLine
LongSoupLine's picture

They can, but not with latte sipping market fags driving them

Wed, 02/02/2011 - 11:13 | 927237 Goldust
Goldust's picture

Bwah ha ha ha ha!  That is exactly what I think when I see someone driving a LR/RR.  That and that wealth does not equal car-choosing smarts... (LR/RR are some of the biggest POS cars on the road.  If I had a gold eagle for every day one of my clients LR/RR was in the shop for mechanical or computer problems I would be at home with a Sheen-like brick of coke critiquing porn.)

Tue, 02/01/2011 - 20:33 | 925803 OptionsHedge
OptionsHedge's picture

I guess the $ is going down, gold is going up, and commodities are inflating ad infinitum. Last weeks marubozu candle got snuffed out in two days. Its a pattern. $100 billlion per month.

Tue, 02/01/2011 - 20:42 | 925825 chump666
chump666's picture

you can see that in the AUD insanity crosses, China RRR hike in Feb 2011 should do the job.

Tue, 02/01/2011 - 20:34 | 925806 attst487
attst487's picture

"April Gold settled at $1343.00 per 100 troy ounces"
How can I get in on that deal?

Tue, 02/01/2011 - 20:45 | 925819 mynhair
mynhair's picture was only 2 calls!  I am so scroomaged!

Tue, 02/01/2011 - 20:51 | 925851 NOTW777
NOTW777's picture

grains flying AH

Tue, 02/01/2011 - 21:00 | 925871 papaswamp
papaswamp's picture

No kidding...after hours is going nutso..

Tue, 02/01/2011 - 21:10 | 925895 NOTW777
NOTW777's picture

wheat, soybeans, etc headed back to 08 hi s

copper BO

Tue, 02/01/2011 - 21:16 | 925909 papaswamp
papaswamp's picture

I whipmed out and stepped away 2 hrs ago. Waiting for a short term correction..then another big pop...or I'll be wrong and by Friday things will be out of sight.

Tue, 02/01/2011 - 22:08 | 926018 Hephasteus
Hephasteus's picture

Bruce was saying bond market was signalling 60 percent inflation over the next 6 months In one of his posts last month. I'd listen to him.

Tue, 02/01/2011 - 22:27 | 926053 UncleFester
UncleFester's picture

I don't know...the contrarian in me screams sideways (at least) for ~6 months.  Am I  vapor-locking myself?


Tue, 02/01/2011 - 23:13 | 926152 Hephasteus
Hephasteus's picture

Dollars work on magic. The M2 is simply derived from price of gold. There are far far more dollars than M2 signals there are due to manipulation of price of gold which is really just manipulation of people's willingness to use it as money or percieve what it really is.

It's like having a disk duplicator store twice as much data on one disk. Only the dollar stores twice to 3 times as much wealth in each dollar.

When comex busts or slows deliver down to rediculous untennable permanent backwardation. The wealth duplicator loses it's compression and it projectile vomits all over everyone.

We go from bank closings rising at rapid pace to government closings rising at rapid pace. It all passes through people as a power rush euphoria so it lulls down at each big event. I think though India is set for market crash and revolution. Canada like america is building up a big volcanic event. The outliers have to blow and stabilize or else if they don't when america blows it will just be one big giant pool of blood and brains smeared all over the concrete.

Sideways just won't happen unless it's a timing event to reduce damage. This is all controlled sort of by pluto in capricorn. So saturn timing will schedule when the changes occur as everyone revolutionizes what government really is and how it really works. Timing has been done quite a bit and will be done quite a bit this year but it will be much more rapid and pulsy. So you can view it as sort of sideways if you think about an earthquake shaking back and forth. How awfull it get's just being defined by how much resistance government wants to generate. Things are pretty good right now but stressors are rising.

Tue, 02/01/2011 - 22:31 | 926063 fmxconnect
fmxconnect's picture

how does the math work on that please?

Tue, 02/01/2011 - 22:34 | 926077 Hephasteus
Hephasteus's picture

10 percent a month every month for 6 months.

Tue, 02/01/2011 - 22:45 | 926097 DoChenRollingBearing
DoChenRollingBearing's picture

Wow, a gold thread and yet I hardly understand ANYTHING of most of the above!  Below I can understand.

Fortunately Bearings are never accused of being brainy, kind of the opposite actually.  But, Bearings don't trade either, so they don't understand professional trader jargon.  Bearings just roll when they're pushed, that's about it...

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