Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.59

+2.2%

Dec 26 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Abner Hosmer who started this subject	11/12/2002 9:03:17 AM
From: Real Man	Read Replies (1) of 116826

There is significant increase of XAU 65 December put OI, which may mean that XAU may not go as low as 60 in mid-December, we'll have to see how November puts are rotated into December puts. Max pain level for November options expiring this week is still 75, with a lot of puts outstanding at 75, and in the money. I would expect the rally in XAU thus to carry at least into 73-74 range this week, as these puts get rotated into December puts. We'll see then what the OI will be in December. On a contradictory note, the dollar index has reached 103.54, which is a very long term support. That's why we have a rally. On the other hand, the dollar index has formed a 3 black crows pattern, which is very bearish for the dollar.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next