Case for (GLD) Bull Call Spread
Trump’s trade policies could fuel retaliation and higher inflation
Gold traditionally responds to policy uncertainty, crisis, and inflation surprises form excess Central Bank and fiscal stimulus
If ECB maintains its dovish stance despite better global and EU growth statistics this could be taken as a behind the inflation curve monetary policy
Target $130 by end of Q2 2018 but $135 if major stress event occurs
Trump’s trade policies could fuel retaliation and higher inflation
Gold traditionally responds to policy uncertainty, crisis, and inflation surprises form excess Central Bank and fiscal stimulus
If ECB maintains its dovish stance despite better global and EU growth statistics this could be taken as a behind the inflation curve monetary policy
Target $130 by end of Q2 2018 but $135 if major stress event occurs