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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: ild who wrote (32214)5/11/2005 4:16:56 PM
From: ild  Read Replies (1) | Respond to of 110194
 
Date: Wed May 11 2005 15:53
trotsky (Jessica@sentiment) ID#248269:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
anecdotal sentiment isn't always a good indicator. Hulbert's measure of gold advisors showed that they were recently as bearish as they were at the ultimate low in late 2000.
also, put/call open interest ratios on gold stocks have recently risen...institutions have been buying the latest down leg and the options configuration on the gold futures contract is remarkably bullish compared to its history.
the most important fundamental driver of gold stocks, the yield curve, is now flat as a pancake - which means the path of least resistance for it is from now on a widening.

Date: Wed May 11 2005 15:12
trotsky (frustrated@ABX) ID#248269:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
i note that ABX has the second best ( i.e. 2nd most bullish ) put/call open interest configuration among the major optionable gold stocks. number one, believe it or not, is HMY.