thanks Louis, much appreciated...
keep us updated on that June contract, options expiration is generally a time when commercials like to give the gold options crowd a good shellacking, making as many options as possible expire worthless...
your comments:
"The contract to watch for open interest is the June which will be the active one in a couple of weeks (first notice for April is March 31, most are rolled over while in the preceding week). June also is a widely termination for the London style of carry trades (sorta futures).
What has to be observed is the gain in open interest of the Junes. If they peak as they did last year, this would mean that speculative money jumps in (fast money, as in fast-in, fast-out) and the metal could make it's high at the end of the month.
If, to the contrary, there is a a lesser rush in the contract, but a rollover in both Junes and Decembers (slow money) the metals prices could resume the ascent."
