Gold Price Volatility Is 'Ridiculously Low,' SocGen's Scott Says

The video discusses the focus on gold and oil amidst macro uncertainties like Brexit and trade wars. It highlights the low volatility of gold and the unresolved macro risks, including a potential US recession. The relationship between gold prices and the US dollar is explored, noting that owning commodities like gold and oil can be a strategy to short the dollar. A trade strategy is proposed, involving selling oil puts to fund gold calls, providing a hedge for portfolios.

What macroeconomic uncertainties are mentioned as influencing the focus on gold and oil?

• Interest rates and housing market

• Inflation and unemployment

• Technology and innovation

• Brexit and trade wars

How is owning gold and oil related to the US dollar?

• It is a strategy to be bullish on the dollar

• It is a strategy to be bearish on the dollar

• It has no impact on the dollar

• It strengthens the dollar

What was the most uncomfortable long trade six months ago?

• US Dollar

• Oil

• Gold

• S&P

What happens to the correlation between gold volatility and its price during a small sell-off?

• The correlation becomes inverse

• The correlation breaks

• The correlation remains unchanged

• The correlation strengthens

What is the suggested trade strategy involving oil and gold?

• Sell both oil and gold

• Buy both oil and gold

• Sell one put on oil to fund five upside calls in gold

• Buy oil and sell gold