Re: Light ahead

TODAY'S DISCOVERY, TOMORROW'S FUTURE

Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.

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red911

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Re: Light ahead

in response to

Light ahead

fdrake

posted on Nov 13, 2008 09:16AM

I think you may be right re: tunraround... maybe today but if not very soon IMO. So much going on this week. Redemption deadline for 2008 for many funds is at the end of the week... selling pressure from funds to raise cash for redemptions has caused a lot of selling pressure as evident by recently released record October 2008 redemption numbers... lots of money on the sidelines waiting for final redemption tally to come in? Hopefully. Also, November 20... when COMEX December 2008 options expire... open interest for December calls is enormous... most at prices much above current spot. Put open interest has been declining in recent weeks. Call open interest stable. Ratio of call to puts is 1.8:1.