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John Reade
@JReade_WGC
, 3 tweets, 1 min read Read on Twitter
Gold: My colleague in New York, Adam Perlaky, drew my attention to the fact that Implied volatility of the S&P500 is trading a lot higher than that of gold/dollar (90 day vol).

1/3
Gold: That's not that unusual, as this chart shows - visually the volatility of these two assets seems similar.

But the discount of gold vol to S&P500 vol is at a high (back to 2007) and that suggests something unusual is going on.

2/3
Gold: Options buyers are MUCH more worried / excited by the potential for a big move in US equities than they are in gold.

Here's all the data on one chart...

3/3
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More from @JReade_WGC see all

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John Reade
@JReade_WGC
Gold: We've seen dollar-denominated #gold soften a little since the start of February, as this chart shows.
Gold: The major driver of this weakness in #gold was the strength of the US dollar, which looks relentless on this one-month chart.
Gold: ...and this is reflected in #old's performance against other currencies which generally have not seen the same softness since the beginning of February.
Read 4 tweets
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John Reade
@JReade_WGC
#gold is pushing higher in European trading on Tuesday morning, last at $1307/oz.
The US dollar remains nailed to the lower end of its recent range and US S&P500 equity futures are (slightly) lower, not shown here.
US Real 10-year Treasury yields are almost unchanged, off 1bp
Read 5 tweets
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John Reade
@JReade_WGC
#Gold is trading around $1300/oz at noon in the UK on Monday, holding onto most of Friday afternoon’s gains.
#Gold: As a reminder, we believe these gains come after a Wall Street Journal article suggested an early end to Fed balance sheet shrinkage (paywalled).
wsj.com/articles/fed-o…
Gold: Comex #gold open interest increased by 1.5 million ounces on Friday, suggesting more new longs than covering shorts.

Some modest inflows were reported by the ETFs too, but less than 100koz.
Read 7 tweets

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nina
@ninaDNJ
I’ve seen a lot of Londoners tweet about wanting to move to Canada. As a Londoner currently living in Toronto, there’s so many things I wish I knew before packing my bags and getting on the plane.
A lot of the existing forums, Facebook groups, etc. are not from the perspective of people that have lived in London/aren’t familiar with the London experience
Okay. Before I get started, I want to be clear that I was born and raised in London and am a city girl through and through. I’ve never had any interest in living the suburban life so my perspective is going to from that angle.
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pippocamminadritto
@guado77
Tria non potrebbe mai lavorare con @POTUS 😂😂😂
#TriaExit #Mef cosa?
Sta diventando stucchevole..tanto 1,6/2/2,5 la sostanza non cambia...se arriva la contrazione economica seria come preambolo di recessione...vi travolge ...senza se e senza ma...
PUPAZZI 👺💩👏

#ITALY'S LEAGUE ECONOMICS ADVISOR SAYS ANY TALK OF THE COUNTRY'S EURO EXIT IS OUT OF DISCUSSION
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Dr. Dena Grayson
@DrDenaGrayson
🙄Classic deflection. You made a false accusation that my greatest accomplishment is that of my husband. When I stated the #fact that I’ve earned an MD & PhD, and asked you what you’ve accomplished, you refused to answer. So what have you accomplished, other than trolling people?
Laura couldn’t handle the heat, so she deleted. Good thing that I grabbed a screenshot...😎

Apologies, friends. HERE is the tweet that caused Laura to delete hers (she called me an “elitist”). So many baseless smears from Looney that it’s hard to keep them straight!

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kerberos007
@kerberos007
As I mentioned previously that this table contains so much information that you can actually making money off it by monitoring it everyday

In particular, going into the earning season, the 30 day Implied Volatility (IVX30) of these high beta stocks revealing a lot of information
For example, pay particular attention to the IVX30 for $UVXY , and monitor it's daily changes and if there is anything that can turn into a profitable strategy which has an edge in making consistent profit with minimum and calculated/defined risk.

Continue?
Also, in addition to IVX30 of UVXY, pay special attention to IVXHL of UVXY

IVXHL is define as the current IVX30 in relation to the IVX30 one year range

For example, current IVXHL is 0.08, which means the current IVX30 (106 %) is about 8% of the past year range, which is low
Read 50 tweets
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Prashant Mullick
@VohiCapital
1/n
 A lot of chatter on my TL about the #edge in #OptionsTrading, specifically #OptionSelling.
A lot of good information but some mis-information being spread as well.

A #thread.
2/n
 First off, #OptionSelling by itself is NOT an edge.

Simply by selling an instrument that decays in value over time, doesn't give one an edge towards profit. It is accompanied by short gamma and rising #volatility working "against" you.

#OptionsTrading
3/n
 The #volatility #edge or premium expresses itself when the underlying moves "less" than the move that is priced in the options.

#OptionsTrading
Read 17 tweets
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Peter Maass
@maassp
1) I'm not sure how to make people remember or care that 15 years ago the United States invaded Iraq, setting off a war that continues to this day, with several hundred thousand Iraqis dead, millions turned into refugees. I covered the invasion for the New York Times Magazine.
2) Though I'm a writer, I shot photos during the invasion as I drove a rented Hyundai SUV from Kuwait into Iraq via Safwan, then up the spine of the country to Nasiriya, Diwaniya, Hilla, Kut and finally Baghdad. Here's the Hyundai on March 19, 2003. It's clean--that will change
3) The photographer I worked with, Laurent vander Stockt, drove his own SUV. After several failed attempts to get into Iraq, one time turned back at gunpoint by U.S. soldiers, we finally got through, via what we guessed was a minefield (I followed Lauren tracks). Here's Laurent.
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