via Quant Stack Exchange - Volatility Skew

Why has the skew in gold prices been so protracted? It's because you merely take advantage of the skewness of the underlying. Pffft.

http://quant.stackexchange.com/questions/2079/skew-arbitrage-how-can-you-realize-the-skewness-of-the-underlying

via Investopedia.com - Vertical Skews And Horizontal Skews

Plenty of room for a forward skew in gold prices, ya think?

http://www.investopedia.com/university/optionvolatility/volatility6.asp

The low volatility in gold prices implies a large price move - obviously!

http://schrts.co/PTm5d0

-F6