Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
Never mind Gold. No one, ever, became famous at any Old Wall investment bank being a Perma Bull on JGB or Long-term Treasury Bonds. No one on Twitter needs me to emotionally identify and empathize with selling their Treasuries either. Back to another risk management reason on why I covered plenty of my Gold Shorts yesterday: A) AFTER the down move, Gold’s implied volatility PREMIUM popped to +12% vs. 30-day realized And it was coming from the top-end of my Gold Risk Range back then too. So… no feelings here, folks… just data… what I’d like to see for another Selling Opportunity in Gold and/or Gold Miners is: A) Gold moving back to the top-end of my @Hedgeye Risk Range while it… |