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..