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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: ild who wrote (33794)6/3/2005 1:24:20 PM
From: ild  Read Replies (1) of 110194
 
Date: Fri Jun 03 2005 13:12
trotsky (frustrated@gold sector put/call open interest) ID#248269:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
it is true that the ratios of individual shares haven't improved, but the p/c OI ratio on the XAU index options has risen dramatically - from 0.58 3 weeks ago to 1.01 now.
so it appears that institutions are hedging their bets in the sector with the index options rather than those on individual issues, but it still amounts to a bullish sign overall.
the current XAU p/c OI is higher than 78% of all readings taken over the past 52 weeks - so we're in the upper quartile, and one hopes that this will rise further. for the first time in a long while there are actually more puts than calls outstanding.
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