Loading ...You could be right as the $ ETF speculators are neutral — unlike the precious metal ETF speculators who are always bullish. (the open interest put / call ratios are always well below unity)
To add to the clusterf*ck that is the ‘precious metals markets’ these days we now have the ETF speculators watching the futures speculators (who are increasingly betting bearish) thinking they have the ‘inside sentiment scoop’ and loading the boat with even more calls on GDX, GDXJ, NUGT, JNUG, SLV, GLD, UGL — get the picture? — it’s the greedy DF’s screwing it up for everybody — yet again.
Buying the metals and shares isn’t enough for them because they all want to be ‘richer’.
But instead end up poor.
So I’m with you — let’s hope for a $ surprise because it’s our only hope.
Cheers