OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.


Posted by Captain Hook @ 16:18 on October 30, 2014  

The ALL IMPORTANT open interest put / call ratio on the GDX (the biggest and most influencial PM stock ETF) is .5; and, the open interest P/C ratio on both the SPX and SPY are ~ 190, or two puts for every call, meaning speculators / hedgers are bearish on stocks. And of course at .5 on GDX, meaning 2 calls exist for every put, which is bearish from a sentiment perspective. With the computers programmed to sell markets in which P/C ratios reflect optimism, and buy those with the opposite, again, is it really any wonder stocks go up and PMs down?

Gold bugs are having a hard time dealing with the fact they are being dupped because they think themselves smart investors, while ignoring the very market mechanism is rigged (think algos), and that they are not as smart as they think themselves.

Not the first time pride and stubborn attitudes have done this, however PM specs are perhaps the most dramatic example ever.

Good investing is possible in physical gold, silver, and quality shares at the lower prices such attitudes guarantee.


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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.