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(Premium Sample) GDX Put-Call Activity Confirms Bottom in Gold Shares

This post is a sample of our premium work. It comes from today’s premium update.

We track options data (put-call ratios) from the International Securities Exchange. Their options data provides a better contrary indicator than options data from the CBOE. Below is a chart of GDX along with the put-call ratio from the ISE. Rising put-call ratios or spikes tend to provide bullish signals when they occur after a market has been falling. We use this data in conjunction with regular technical analysis. Note that the put-call spikes at the end of October signaled a bottom in GDX. We think the same thing has just happened now.

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4 Responses to (Premium Sample) GDX Put-Call Activity Confirms Bottom in Gold Shares

  1. Adam Brochert 02/14/2010 at 9:56 pm #

    Jordan-

    Just wanted to let you know I stole/copied this chart for a piece I did today (with appropriate citation and link, of course):

    http://goldversuspaper.blogspot.com/2010/02/bullish-trading-signals-in-gold-sector.html

    Great stuff!

    Adam

  2. Jordan Roy-Byrne, CMT 02/15/2010 at 10:19 am #

    Thanks Adam. Feel free to use anything anytime. You can also find out more about this data at the link below. Just scroll down to the “How Effective…” part.

    http://thedailygold.com/newsletter/

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