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[tomterrific14]

http://www.schaeffer...aspx?TICKER=GLD

Current 21 day MA is .40, stated differently, better than 2 calls for every put open interest.

Viewing the 2 year chart of this ratio leaves me doubtful of a major new up leg in GOLD commencing.

The only way I could rationalize this preponderance of calls over puts in open interest if that the Commercials are hedging their extremely short position in the COT.

I prefer not to rationalize what current sentiment is currently as reflected in the P/C open interest n GLD.