shirt to hurt the furn, page-61

Farsight

As to June's premium, I think you covered it all.

I don't know. It may be some or all of the factors you mentioned.

I only observe history and note what follows.

I am a little surprised that it didn't close up a bit this morning.

I can only image that regardless of today's move, it is being regarded as only a short term abberration and that the good times will continue to roll.

To me this size premium says the end is coming though not neccessarily imminent.

If we see 100 pt premiums then get really scared otherwise it may mean 3 to 6 months to go.

A single day spike is often a good capitulation signal in either direction but when it becomes a string then it depends on the size of premium/discount as a clue to longevity.

Keeping in mind that it is ultimately a contrarian signal.