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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 (58156)4/13/2006 1:20:17 PM
From: ild  Respond to of 110194
 
Date: Thu Apr 13 2006 12:42
trotsky (@pm sentiment) ID#248269:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
yesterday, in spite of it being an up day, we have registered rising skepticism about the rally.
the XAU p/c OI ratio has risen to a new interim high of 1.20 ( 120 puts open for every 100 calls in the 3 front months ) , and the Rydex pm fund actually experienced small OUTflows ( minus $1.24m. yesterday ) .
individual gold stocks cumulative p/c OI still stuck at higher than 96% of all readings over the past year.

also noteworthy: in spite of the speculative net long position in COMEX gold futures rising strongly over the past two or three CoT reports, the p/c OI ratio of options on this futures contract has ALSO risen somewhat over this time period. the current reading of 0.87 is in fact the highest reading so far in 2006 ( the low was at 0.74 in the week of Jan. 27 ) .