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Strategies & Market Trends : The Ego Forum -- Ignore unavailable to you. Want to Upgrade?


To: hubris33 who wrote (11800)2/15/2013 1:08:50 PM
From: ames  Read Replies (1) | Respond to of 12175
 
You wonder what the Jun & Aug OI thinks POG and trend possibilities will be by summer. Those silly shorts really piled on today. Shades of 2008, even BTO and solid miners down 5% & the like. Could be a long consolidating summer. So far I don't see any explanations that are wholly convincing.



To: hubris33 who wrote (11800)2/19/2013 11:44:37 AM
From: hubris331 Recommendation  Read Replies (1) | Respond to of 12175
 
COT D@MN SAM!!!!!!! ....................... ........................... ...................

I dunno, maybe this isn't significant at all and just an imagination of a gold bug?

Friday, while POG was tanking some -$26.00 and investors were vomiting up PM shares, the Over All (OA) Open Interest did NOT decline, rather it added a modest 854 contracts! Huh? Why aren't investors running from a burning building? Are they crazy?

As I pointed out Friday's volume was a large 283,225. Admittedly noting like Novemeber's 486K volume high - but that was when POG tanked 23.50 and OI gave back -27,236 contracts [closing out the Dec front month positions.]

So what happened? Apr OI added 3480 of OI and Jun added 256. The main offsetting drops were Aug -747 and Dec -1875, looks like a few LT specs got washed out. ST players appear to be the reason for COT's resiliency here.

Here's the chart - definite divergence here, something has to break.... one way or another.....