Gold/Bond or Equity/Bond it’s a relative strength trade.
Gold is at a decision level in dollar terms.
Gold*(Suisse/Yen) is at the same type of level.
The braintrust met for a few minutes and thought the ECB meeting Thursday A.M. could be a bigger market mover.
Regardless, it will be an opportunistic trade!
Leave your opinions at the door and just look at price and risk management.
It’s been a target rich environment for the options crew in the names. This will continue.
Southern Copper rallies and then goes sideways for a couple of weeks before powering higher.
Just don’t get run over, you will get plenty opportunities.