Precious Metals

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I just finished editing a piece with Kiril and Raoul where Kiril expands on his outlook for gold. It has me looking at my portfolio and feeling underweight and I'm over 35% allocated. The quote of the piece and the title I will probably run with is "The End Game is in Sight"

This week's Precious Metals exchange video of the week is not actually from this week. Not every exchange topic is covered explicitly on Real Vision on a weekly basis and so I will sometimes go back to find a video that I know not everyone has seen. This video has been viewed by less than 20% of the audience. The reason I'm picking this video is for one specific quote which can be found at 42:15 mark...

"I bought gold for the first time in my life a week ago. I understand the case for gold. We're on the way to some banana republic situation. Nobody's worrying about the debt that's being created. I'm focused on who pays for the party when the partyis over? As I mentioned before, it took 244 years to go from zero national debt to 21 trillion, that's going up at $4 trillion, maybe $5 trillion this year. What about next year?"

When people with decades of experience who have been ignoring or ridiculing precious metals for years say the time is now it means one of two things: 1) Pile in or 2) Get the hell out. I'm not sure which one it will be but personally I'm betting on number 1. You can find @Edward Harrison interview with Leon Cooperman here: 
 

http://rvtv.io/vow_pm_003

Options volume was HUGE! There was implied volatility premiums on so many assets yesterday this means that people were hedging. Things had started to go down and people were buying protection.

I have been working on some new charts which I am testing to see if they help or hinder the trade decision process so I will share those soon.

Have a good weekend everyone.

Dollar bounces and gold?

I went in search of volume this morning and I think it was always there simply hiding. I originally used only GC contract volume but I added the smaller lot contracts as well. What we must take into account is that total contracts traded during say 23/9 microGC were 20% of contracts traded but accounted for less than 5% of total traded Oz.

I am currently neutral on my gold position and am in wait and see mode.

Does anyone have a better way model volume? Should I include GLD but how much of GLD volume accounts for the GC volume?