A whale with a lot of money to spend has taken a noticeably bearish stance on Barrick Gold.
Looking at options history for Barrick Gold (NYSE:GOLD) we detected 12 strange trades.
Shares of Barrick Gold Inc. (NYSE:GOLD) fell by 19.98% in the past three months. Before having a look at the importance of debt, let's look at how much debt Barrick Gold has.
Someone with a lot of money to spend has taken a bullish stance on Barrick Gold (NYSE:GOLD).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
A Wall Street investor, who's his claim to fame was betting against subprime mortgages by using credit default swaps, appears to be bullish on equities in the gold sector.
Precious metals stocks and precious metals reacted positively to Federal Reserve Chairman Jerome Powell’s announcement that interest rates will by 0.75%. Because this sector is traditionally considered an inflation hedge — although not so much lately — the slightly upward move may be a little surprising.
Someone with a lot of money to spend has taken a bearish stance on Barrick Gold (NYSE:GOLD).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
The VanEck Junior Gold Miners ETF (NYSE: GDXJ) is an exchange-traded fund (ETF) consisting of mostly medium to smallish precious metals companies. For investors looking to diversify broadly in that sector, it’s quite interesting.