Gold Is Super Cool Again You Guys

This trade is gettin' crowded.
Author:
Updated:
Original:

You know you want it.

Now that noted jinx John Paulson has finally all but gotten out of gold, it’s time for you to follow Donald Trump, Jose Canseco, Williamsburg’s Manila Social Club and everyone else in.

In February, the average daily trading volume of call options on the SPDR Gold Trust hit its highest level since the throes of the eurozone debt crisis in 2011, when gold prices were trading near a record, according to options-data provider Trade Alert….

Both institutional money managers and individual traders are piling into the bullish options—a breadth of investors that is rare among ETFs, says Dave Mazza, head of ETF research for State Street Global Advisors, the issuer of the product.

A Big Bet on Gold Is Getting Crowded [WSJ]

Related

Getty Images

Sell Ray Dalio Your Gold, Get Free Copy Of Principles

This amazing offer only valid for the next four minutes and 38 seconds.

The Inquiring Mind Of J. Paulson Wants To Know: Why Aren't You Buying Gold?

Prospective Puerto Rican John Paulson may have an unpleasant tax problem here in New York, but he's got a bigger problem with his biggest investment. Despite his faith in and love for shiny objects, the rest of the world simply does not share his insatiable appetite for gold.

Get Some Gold Before Jose Canseco Buys It All

Goldman Sachs is saying sell gold but what the hell do they know? Jose Canseco is ALL IN.