Quadruple Witching Day: Ed’s Daily Notes for June 20th   Leave a comment

Wicked witch

There isn’t much news today, aside from quadruple witching (options expiration) today.

Bloomberg: Gold Options Signal More Gains as Yellen Shakes Up Market

Janet Yellen is breathing life back into the gold market.

Trading in bullion options show the biggest rally in nine months has more to run after some contracts betting on higher prices surged by the most since 2012 [Wednesday]. Fed Chair Yellen’s outlook for low U.S. interest rates is bringing investors back to gold after a measure of volatility sank to the lowest since 2010 earlier this week.

This could explain the 6.14% rise in Silver Wheaton (SLW) yesterday.

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Posted June 20, 2014 by edmcgon in News, Precious Metals

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