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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 (87051)	9/29/2007 6:01:01 PM
From: skinowski	Read Replies (1) \| Respond to of 110194

Interesting... Gold COT is somewhat bearish, but put/call ratios are high - which reflects scepticism. I checked the PC ratios on GDX. It appears that the total may be high, but in the $40-45 range (front month) the number of puts and calls appears to be equal... eyeballing the open interest, maybe there are a little more calls. There are more puts, but at lower, further OOM strikes. I did not check P/C on XAU. finance.yahoo.com The USD COT shows that Commercials are long and speks short the index, which makes it likely that the Dollar will rally, or at least should have a good solid spike in the near future. That, it would appear, may go along well with the hypothesis that Gold should experience a pullback.

To: orkrious who wrote (87051)	10/2/2007 10:20:39 AM
From: Horgad	Respond to of 110194

"this datum has evolved from 'mild concern' to 'major concern'" "it seems highly likely that this in combination with a 6 weeks in a row rise in the gold price will soon result in a sell-off." "also, should gold continue to rise early next week, it would not mean that one should become less cautious - rather it would mean that one should get even more so." Seems like trotsky pretty much nailed this move. Now the million dollar question is how deep does the correction go? Personally, I'm still with bart's thinking that this run is not done until December. So I am anticipating a quick correction and recovery, but at the same time I'm paying very close attention incase I am wrong.