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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 (33794)	6/3/2005 1:24:20 PM
From: ild	Read Replies (1) \| Respond to 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.

To: ild who wrote (33794)	6/3/2005 3:05:30 PM
From: Proud Deplorable	Read Replies (1) \| Respond to of 110194

Its only common sense. I fail to see why Europeans have to have a constitution in order to make a common currency workable. What's wrong with warring countries within Europe using the same currency even if they end up at war with each other one day? Constitutions are usually worthless documents anyway, witness the degradation of the US one in recent years by politicians who have lost the original visions of the writers.