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


To: orkrious who wrote (69853)9/18/2006 2:31:02 PM
From: ild  Read Replies (1) | Respond to of 110194
 
pm sentiment data - good news -- trotsky, 12:28:35 09/18/06 Mon
the XAU put/call open interest ratio (three front months) has jumped to 1.37.
this is the one of the highest readings of all of 2006, and is higher than 86% of all readings over the past 52 weeks.
XAU p/c OI in excess of 1.20 has invariably been bullish for pm shares over the past 6 years. as always, no indicator is fool-proof, but this is a very convincing data point supporting the near term bullish case.