trotsky
pm shares sentiment, update April 18.
April 18, 2007 12:15PM Registered: 2 months ago
Posts: 148
the XAU put/call OI ratio has jumped back to its recent highs and sits now at 1.26.
at the same time the Rydex pm fund cumulative cash flow ratio is right back at its recently recorded multi year low at 134 points.
anecdotally, many declare themselves bullish on gold and gold stocks. how come then that everybody is apparently betting on them going down?
the recent surge in short interest in the sector is also worth mentioning in this context. there have been a number of big jumps in short interest in individual issues (e.g. 8% of CDE's float is now sold short, to name one of the more egregious examples)
needless to say, these quantitative measures tell us a lot more of the true sentiment out there than verbal declarations ever will. they're saying 'up', but they're betting 'down'. skepticism continues to reign.
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