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Whale Trader Makes Huge Bet on Silver. What's Next for the White Metal?

Posted by TopstepTrader on July 17, 2019

Silver is sizzling. The white metal is on a four-day 5% rip and moving to its best levels since February. Yet, it still lags gold by a large margin and the ratio of gold prices to silver reached 20-year highs. Can silver continue to play catch up?  At least one whale of a trader in the futures market seems to think so.

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Topics: Gold, trading strategy, Silver

Second Quarter Recap: Stocks and Bonds Up, Commodities Mixed, Bitcoin Soars

Posted by TopstepTrader on July 02, 2019

The first half of 2019 is in the history books and, after solid gains in the first quarter, stocks and bonds added to the bullish trend in Q2. Crude Oil was little changed and Gold was a bright spot as the commodities market saw mixed action over the past three months. Lastly, many interesting stories were told in the currency markets, including a 220% surge in Bitcoin.

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Topics: Gold, Metals, Bitcoin, U.S. Treasuries, US Dollar, Nasdaq, Crude Oil

Gold Recovers Months of Losses in Just 5 Days

Posted by TopstepTrader on June 07, 2019

The price of Gold is surging. After a multi-month downtrend, the yellow metal made a decisive breakout move in late May that has erased nearly all the losses suffered the three months prior. Daily price swings have been wide and there seems to be a lot of momentum behind the metal’s move to 15-week highs.

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Topics: Gold, volatility

Fast Action as Gold Reaches 10-Month Highs

Posted by TopstepTrader on February 25, 2019

Looking for volatility? Keep an eye on the metals market and the price action in Gold. While the yellow metal has been grinding higher over the past few months, wide intraday swings sent prices higher and lower last week. The wild action has some players wondering if Gold is ready to reach new highs.

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Topics: Gold, Metals, volatility

What Caused Gold's Mysterious Sell Off on Friday?

Posted by TopstepTrader on November 13, 2017

Gold had an unusual 10 minutes  midday on Friday. After spending the first hours within a $2 trading range, the price fell $10 as more than 65,000 contracts traded hands. That's the equivalent of 6.5 million ounces of gold - or $8.3 billion worth. 

Where'd that kind of move come from?

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Topics: Market Updates, Gold, Metals

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