Trade of the Week: GOLD

Trade of the Week

 After what has been a lackluster summer so far for gold, the precious metal could be due for a rebound in the coming year. A trader purchased a large block of calls in Barrick Gold (GOLD), one of the largest gold mining companies in the world. These calls don’t expire for another year and won’t break even unless GOLD climbs at least 22% in that span. That could imply the expectations of a much more significant move higher.