The Daily Gold » GLD Put-Call

Gold Sector Sentiment Update

Jordan Roy-Byrne, CMT — Thu, 08 Apr 2010 14:25:37 +0000

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

Jordan@thedailygold.com

Gold Sentiment Update

Jordan Roy-Byrne, CMT — Sun, 28 Mar 2010 11:54:34 +0000

Here is the current put/call for GLD.

From sentimentrader.com, here is the public opinion on Gold, as of Tuesday. It is 60.6% bulls.

Want detailed analysis of sentiment and technicals? Consider a free 14-day trial to our premium service.

Gold Sentiment Updated

Jordan Roy-Byrne, CMT — Wed, 17 Mar 2010 14:24:08 +0000

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.