I look at many things to track sentiment. In terms of Gold we have COTs and various sentiment surveys among other things. The ISE put-call data has been the most reliable for me as well as my subscribers. Here is an updated look at the ISE put-call for GLD.
In two of the past three days we have seen the two highest put-call readings over the last four months. Note that the 7-day moving average has accelerated higher in the past few weeks.
Obviously, no indicator is full-proof, but one has to think this augurs well for continued gains in the ancient metal of kings. Like this analysis? Consider testing out our service for 14 days.
Jordan Roy-Byrne, CMT is the editor and publisher of The Daily Gold. Visit the newsletter page for information on our premium service.
