Gold traders have a reason to be excited for the first time in a while. Gold has had one of its biggest rallies of the year up over $50 in 3 days of trading, close to a 3 standard deviation move. From a volatility perspective gold has caught a bid up 3% to 4%, shaking up the options market. Equity traders have been tossed around with equities continuing to sell off from the peak at the beginning of May. Today’s day of gold trading has been a pure rip upwards with no sign of slowing down. This gold move was further compounded by the comments made by James Bullard, a dovish member of the Fed. Bullard indicated that a ... (full story)