The Gold Report
...over the years I have also learned that one should never underestimate the ability of the gold price to surprise when least expected. Friday’s jump of $8 is a case in point...
a most interesting research study by Adrian Douglas (www.marketforceanalysis.com), deals with an analysis of the open interest of Comex gold options. Douglas’s track record on this front is excellent as in November 2005, he predicted when the gold price was less than $460, that a mega-move was afoot. He based his forecast on a very large build-up of call options in the underlying stocks of the HUI Index. This turned out to be spot on as gold subsequently surged to $714 by May 2006.
This is where it becomes very interesting. Similar to 2005, Douglas has now again noticed a massive build-up of call options in the October and December Comex gold contracts.
Notable Quotes
"ROG's Burkina Faso deposit will be easy to mine, inexpensive to build and very profitable." (5/20/13) Roxgold Inc. - The Gold Report Interview with Brent Cook More >
"AMM is the kind of company an investor wants to be involved with." (5/20/13) Almaden Minerals Ltd. - The Gold Report Interview with Brent Cook More >
"ATY had some very good drill results and its VMS project is certainly economic." (5/20/13) Atico Mining Corp. - The Gold Report Interview with Brent Cook More >
"I like LYD because of its simple, low-capex project." (5/20/13) Lydian International Ltd. - The Gold Report Interview with Brent Cook More >
"TMM released record production of 28.3 Koz Au for the quarter." (5/8/13) Timmins Gold Corp. - Joseph Fazzini, Dundee Capital Markets More >
Why I'm Betting on a Surging Gold Price
Source: Seeking Alpha (9/4/07)
...Similar to 2005, a research study by Adrian Douglas has once again noticed a massive build-up of call options in the October and December Comex gold contracts.
More Experts
"Drill results from BAR's Martinière indicate a growing, fertile gold system." (5/13/13) Balmoral Resources Ltd. - Eric Lemieux, Laurentian Bank Securities More >
"SAS had a strong cash position of $32.1M at the end of Q1/13." (5/13/13) St Andrew Goldfields Ltd. - Eric Winmill, Casimir Capital More >
"GRG has an exciting high-grade silver discovery and just released an NI-43-101-compliant resource estimate with 105 Moz Ag eq." (5/17/13) Golden Arrow Resources Corp. - The Gold Report Interview with Thibaut Lepouttre More >
"THO's Escobal remains on budget and on schedule; its progress is encouraging." (5/10/13) Tahoe Resources Inc. - Chris Thompson, Raymond James More >
"We reiterate our Outperform rating on P and it remains one of our top picks." (5/10/13) Primero Mining Corp. - Shawn Campbell, Macquarie Capital Markets More >