This is my kind of bet,
investor1.com
Major points of interest,
Tuesday's COMEX gold estimated volume was a moderately heavy 45,000 lots. Total COMEX gold open interest
on Monday gained 3,878 to 193,373 contracts, demonstrating strong commercial accumulation on a day when gold
fell $1.40, which is bullish. COMEX silver open interest edged down 120 to 82,380 lots, as the speculative bubble
continues to slowly burst. COMEX gold warehouse stocks were unchanged at 852,040 ounces, while COMEX silver
warehouse stocks plunged 1,376,095 to 78,077,717 ounces. The Johannesburg Gold Index closed Tuesday morning
at 935.9, down 15.5, with the U.S. dollar at 6.1710 rand. On Friday, August 28, 1998, the same day that gold touched its
historic low of $270.50
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Total gold mining equity option U.S. daily volume is modestly above normal levels while put-call ratios are significantly
above normal levels. This is SIGNIFICANTLY BULLISH, indicating that investors are falling over themselves to
purchase puts on U.S.-listed gold shares. In most cases these are out-of-the-money puts, showing that speculation
about a collapse in the gold price is rampant. This behavior usually precedes a sharp rally.
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