Friday, February 17, 2012

Very bullish Structure in GLD Options

In Q1, 2011 was the last time we had a similar bullish set up in Gold then we have right here. Same as in 2011 we had a reasonable correction that has convinced over-proportionately many market participants that this could be the beginning of the end of the Gold-Bull.



The TimeCycles hint at some unfinished work on the upside....

 ...as does the OPTIONS OPEN INTEREST analysis
Let's see whether history rhymes again ......and we see some flushing out of the bears.

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