-- Posted Thursday, 8 April 2010 | | Source: GoldSeek.com

By: Jordan Roy-Byrne, CMT

Over the last few weeks we’ve been writing about potential macroeconomic developments, which will drive Gold in the near term and in the years ahead. We thought we’d take a break from that and focus on what we enjoy most: analyzing technicals and sentiment. 

We track many different things for sentiment (including public opinion, Rydex data and of course the COT reports). Yet, the most powerful tool has been put-call data from the International Securities Exchange (ISE).

Below is our chart showing the ISE put-call data for GLD. In the last month we’ve seen several spikes and we should note that the 15-day MA of the put-call ratio reached a four-month high.

Next up is a look at the GDX put-call. Note the two large spikes at the time of the February bottom as well as the buoyant activity in recent weeks. 

Here is a look at the cumulative put-call reading. This is a sum of the options activity for all of the gold stocks we track. There was a small spike during the February bottom and larger spikes at the recent low. Also the 10-day MA was at a seven month high. 

 

 

This is only a small sample of the kind of actionable information and analysis we provide in our premium service. As you can see, the ISE put-call data, among other things has helped our subscribers stay ahead of the short-term trend changes in the sector. If this interests you, along with complete coverage of large cap and junior gold and silver miners, then consider a 14-day free trial to our newsletter.  

 

Good luck ahead!

 

Jordan Roy-Byrne, CMT

http://www.thedailygold.com/newsletter

Jordan@thedailygold.com

-- Posted Thursday, 8 April 2010 | Digg This Article | Source: GoldSeek.com

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