Housekeeping: There will be no Morning Rundown or AM posts tomorrow.
Good Evening. Find attached this afternoon’s Founders Discussion for Gold.
THIS IS INSTITUTIONAL RESEARCH
The main topic was a recent Gold Options analysis and trade idea written by Goldman Sachs for their institutional clientele.
We painstakingly go through this report describing the ideas, the risks, and ultimately what it informs us about the positioning of market players. That takes up a good chunk of time interspersed with Q&A
Next we discuss the CFTC Cot Report.
Finally a relatively brief discussion is given to technical analysis.
This was a well attended and active discussion.
