DRJ's Blog

December 20, 2012


Could  Santa be bringing us a GOLDEN opportunity.  Both GLD and SLV look to be long term oversold. Watch 200 day moving avgerages, and look for blowout bottom in the VERY near future.

A host of reasons could be behind the selling, not the least of which may be front running (anticipation) of Paulson's fund(s) selling to satisfy redemption. If that is the catalyst, it should end shortly, and per usual, we normally see blowout volumes, which we are seeing in spades!

The 3 month avg turnover in GLD and SLV ETFs was 8.5M for GLD and 11M for SLV

Tuesday (12/18) GLD traded 24M as shares fell to $160.90

Tuesday the SLV traded 18.6M as shares fell to $30.34

Thru 6 hours today GLD EFT trades 23M shares as shares trade down to $158.39

Thru 6 hours the SLV ETF trades 34M shares as shares traded to $28.68

Thus far today GLD OPTIONS trading 4x normal SLV 6x

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