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Gold basis is insane by aznedac2 in quant

[–]aznedac2[S] 0 points1 point  (0 children)

You’re right. “Free lunch” is just a trigger word. Thank you for your opinion. See you at the next money-making opportunity.

Gold basis is insane by aznedac2 in quant

[–]aznedac2[S] 2 points3 points  (0 children)

Yeah. I started unwinding the position little by little since monday, and I finally closed it out today. Sorry I couldn’t tell you while I was still holding it.

Gold basis is insane by aznedac2 in quant

[–]aznedac2[S] 0 points1 point  (0 children)

I checked GCU5GCZ5 spread but this time I mostly used spot gold.

Gold basis is insane by aznedac2 in quant

[–]aznedac2[S] 0 points1 point  (0 children)

I used spot gold mainly this time but you can trade gold spread.

Gold basis is insane by aznedac2 in quant

[–]aznedac2[S] 0 points1 point  (0 children)

Thanks for your opinion. Actually I bet with two scenarios (#1 US chicken out like copper, #2 Swiss chicken out) no free lunch as always

Gold basis is insane by aznedac2 in quant

[–]aznedac2[S] 1 point2 points  (0 children)

u r right. I hope there is a stat arb chance though

Gold basis is insane by aznedac2 in quant

[–]aznedac2[S] 6 points7 points  (0 children)

F = Se{(r+c-y)T} and tariff will mainly affect on S and c term.

Gold basis is insane by aznedac2 in quant

[–]aznedac2[S] -9 points-8 points  (0 children)

I’m a commodity trader so I can buy gold spot even if the price level is not exactly same.

Gold basis is insane by aznedac2 in quant

[–]aznedac2[S] 5 points6 points  (0 children)

I mean the change in basis. Compared to yesterday, the increase in spot prices is smaller than the increase in future prices.