Original von Eldorado
Hier ist ein Teil von einem Artikels bei LMC:
Irgendwann kommt ein dicker Fisch der die Chance nutzt.:
....What makes it more sickening is to watch the opposite kind of market action when it comes to the DOW. It was due 50 higher this morning, following yesterday’s hit. This kind of PPT influenced nudge is what we have seen time and time again, especially since General Paulson took over the reigns at the US Treasury.
Now for the potentially MOST FUN stuff …this is astounding … the gold open interest went UP SHARPLY, to make an all-time high of 423,183, up a whopping 8372 contracts.
According to our floor sources, the funds are liquidating at the moment, and are not rolling their June positions over. Normally the spread between the spot month and roll over month widens going into the delivery period, when the specs rollover their long positions. The Jun/Aug spread has been running at $6.30/$6.50 Aug premium. Normally the spread would move out to $6.80/$7. Not today. It came in to $6. This tells us it is new buyers who are entering the fray on the long side.
So who the heck is selling like crazy at these levels?
The floor is scratching their heads. This sort of open interest build up is unprecedented and is leading to a gigantic move up or down.
The only answer for this that I can come up with is what you are seeing here is Gold Cartel selling of enormous proportions, in an effort to take the gold price lower to calm down inflation fears, and over gradually rising US intermediate/long term interest rates. Somebody is taking the cabal on. It is NOT the usual tech funds who are dumping longs, and maybe even going short.
The buildup in the gold open interest is coming in the August contract, a good sign, as it is a nearby move play. In addition, the June contract still has 111,773 contracts to be dealt with, most of them before First Notice Day next Thursday. That is a massive amount on the books at this late day before the delivery period next week.
Could there be some monstrous buyer ?.. (say Arab money) moving in to take delivery? In the past this has been a hope trade of sorts … one that NEVER materializes. Yet, we have NEVER seen gold open interest do this before during a traditional spec liquidation. Something big is up. Stay tuned … IF gold is in play, we will see moves and volatility not seen since the Washington Agreement announcement on September 25, 1999. 