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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: loantech	9/3/2007 11:15:29 AM
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Hope this guy is right! Comex Gold OI Indicates Large Move Up Adrian Douglas Sep 3, 2007 In November 2005 I predicted the mega-move in gold up to $720/oz by noticing a very large build-up of call options in the HUI component shares. I have now noticed a very interesting similar massive build-up of call options in the October and December COMEX gold contracts. Figure 1 shows the cumulative Open Interest across all strike prices for the Call positions and the Put positions for October. If you look at the blue line it tells you that if the POG increases to, say, $850/oz then approximately 40,000 call options in total would be "in-the-money". Looking at the red line it tells you that if the price of gold were to drop to $625 then approximately 20,000 put options would be "in-the-money" etc. 321gold.com

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