NEW YORK, April 19, 2011 /PRNewswire/ -- The CME Group, a diverse derivatives marketplace, hosted its annual Gold and Silver Dinner on April 14, 2011.
Andy Hecht, commodities options expert working closely with The Sovereign Society, attended the CME dinner as a highly respected industry peer. He reports, "The tone of the event was bullish, but cautious. Many of us see daily gold and silver prices that are higher than any we have seen in our careers."
During this event, the keynote speaker, Guy Adami, issued the stern warning that gold and silver are in strong bull market trends and anyone betting against those two commodities will suffer the painful losses.
The traders attending the event discussed several themes that affect anyone trading options in gold and silver.
These ranged from why gold and silver will continue to ride higher to what impact these moves will have on the commodities' volatility and what proposed new regulations will do to the market.
Adami, best known as the original Fast Money Five on CNBC, opened the dinner saying: "Anyone who is short silver is going to get their face ripped off." He went on to say, "This trend in precious metals is a bet against fiat currencies and we're only in the third inning. It's only the beginning of the game folks!"
Hecht has posted a report on the event. You can read it here, free: Inside the CME Gold and Silver Dinner.
About Andy Hecht
Hecht is a highly sought-after commodity options trader and analyst. Over the past three decades, he has researched, structured and executed some of the largest trades ever made, involving huge quantities of precious metals and bulk commodities. He recently joined The Sovereign Society as its commodity options trader.
The Sovereign Society is a highly respected publisher within the financial industry, catering to a network of 300,000 like-minded individuals. It has a Council of Experts, consisting of carefully chosen professionals located in select tax and asset havens around the world. Its experts have spent their careers discovering the best global investments, the safest tax havens and the most secure devices in which to protect your assets. Its global network of banks, investment specialists, financial consultants, and legal professionals have proven themselves, over many years, and to thousands of Sovereign Society members, as being the best in the business.
Andy Hecht - Commodity Options Trader, The Sovereign Society
1 561 272 0143
Kerri Kelly - The Sovereign Society
1 410 864 1696
SOURCE The Sovereign Society