Gold has been an under-performer in the uncertain global markets
However, structurally long GDX offers significant upside
We have outlined trade which can be accessed on profile however a summary is provided
-2 Month Call skew 2.22 standard deviations above its 1 year mean -2 Month implied volatility is near mid-range (64th percentile over the last year) -GDX is a leveraged play against global central banks falling behind the inflation curve -COT report shows that gold producers have been getting longer
Interested in all thoughts & analysis on our idea.