well the guys/ gals that did the unusually large put purchase reported everywhere yesterday which got everyone's attention, mmmm, have done very very well in less than 24/36 hours. Nice one
"Shares of Market Vectors Gold Miners ETF (NYSE:GDX) saw unusually large options trading activity on Wednesday. Traders bought 62,484 put options on the stock,
American Banking News.com reports. This is an increase of 331% compared to the average daily volume of 14,487 put options.
Market Vectors Gold Miners ETF (
NYSE:GDX) traded down 3.98% on Wednesday, hitting $21.97."
POG AUD doing very well, basically up a couple of dollars as FX and commodities fly around like fireflys........
POG Headline looks terrible and bound to flush many out.
12mth Daily Chart Below using simple 50-100-200 dma. basically down to test the 200dma
with so many puts being purchased when gold was 1292, looks like the market has gone hardcore bearish for end of month.
View attachment 41730
