Gold Exotic Option Primer— The Casino is Open.

Faces may get ripped off around $3300

Recently a bullion bank that we believe is on the right side of this move since approximately 2500 in gold come as begun offering exotic options to its major client base. Last month we referred everyone to one of those options. This week, yesterday, we were alerted to a second type of option that was also a bullish bet for clients but with a far different path towards higher prices.

For now here is the basis of both of these derivatives. This Sunday if there is enough interest we will discuss them in detail. This stuff can get very boring and very wonkish, but the color that we give surrounding might be interesting to hear as it involves previous experience with this bank. We'll try to keep it interesting for everyone ¹