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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: John Barendrecht who wrote (19750)9/25/1998 12:04:00 PM
From: Zardoz  Respond to of 116762
 
"More than 10,000 Newmont calls traded on the Philadelphia Stock Exchange, compared with 3,497 puts. Newont stock closed 2-13/16 higher at 23-7/16."

Thought everyone used this as a contrairian indicator? Isn't excess calls a bad sign? Probably a sign of shorting? Or is this the way the people short gold, lock in a profit?

Guess we will know soon. {maybe the XAU flushout of Aug 27 was the key to which}