GLD has a 360 day HV of 15%, the IV is currently at 12%. Your going to need some leverage to get a meaningful move. Unless you have a ton of excess trading capital in cash, either options or the futures contract, GC.
greece is blowing up and gold is not moving. I don't see how anyone could be long gold at this point with metals and oil collapsing and dollar appreciating and China demand collapsing.
Jim Rogers: "Gold has not had a 50 percent correction in many, many years. That is unusual because most things have 50 percent corrections every 3, 4 or 5 years. It is just the way markets work. But Gold has not."
lotta interest in gold despite very narrow range this month. silver bullion sold out. lotta people buying silver and gold at the same time the pros are selling. we are on the cusp of a legendary collapse in gold. https://www.google.com/trends/explore#q=gold&geo=US
Yo dawg, I hear you like trading gold.... http://www.zerohedge.com/news/2015-...lash-crash-following-27-billion-notional-dump
the gold bulls have been saying on their many websites that retail demand for gold and silver bullion is off the charts. the US mint has said that it ran out of silver bullion in July. dailyfx reports that their traders have never been this long gold. my twitter feed has two non-traders calling the bottom in gold. the yahoo boards are full of people calling the bottom. so there are a lot of people on the other side of this trade *and they're not very sophisticated.*