Hycroft Mining Holding Corp (HYMC)

[LouisDesyjr]

Gold may move higher on the Saudi oil refinery attacks

Depending on how bad the attacks on the refinery are, and who was responsible, it is possible that gold may move higher on the fall out from the attacks.

I an order for some out of the money call options on USO at the open tomorrow. I already have some far out of the money call options on GLD and GOLD (Barrack) prior to this 'just in case something happens'.

If there is a general panic in the market tomorrow, depending on the news as to how bad the situation is I expect:

1: Oil to move up which will cause
2: market to drop and gold/silver to rise

What happens next will depend on:
1: How bad the damage is from the prior attacks.
2: Is Iran involved; if yes, does the US strike back? Maybe within a matter of weeks there is a full scale ground invasion, which would spike gold.


Louis J. Desy Jr.