Friday, July 14, 2006

Bulls bet on gold to top $1,000

From the Telegraph:

A sudden surge in demand for gold options cashable at over $1,000 an ounce is the clearest sign to date that hedge funds and savvy traders are betting on a big rise in bullion prices.

UBS said investors had begun to show keen interest in "call" options to expire in December with strike prices of $1,000 an ounce and above.

2 Comments:

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7/21/2006 5:11 PM  
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7/23/2006 1:49 PM  

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