droaisraot
Short

potential DOUBLE TOPS !!!

FX:XAUUSD   Gold Spot / U.S. Dollar
- potential DOUBLE TOPS !!!
- wave (ii) GREEN just done !?
- Next is wave ( iii             ) GREEN !
Worth noting: 29,000 OTM put options on GLD expire worthless tomorrow, because XAUUSD climbed above 1154.89 Monday last, and stayed above there all week. That signifies some serious money, about $330 million, wants to be put some GLD shares, within $5 per share of the bottom. This month, wasn't the bottom. A lot of activity on the 110 July GLD puts, says their new guess is a June swoon to 1104.90 or so, for the bottom. (And just because the people have $330 million with which to go bottom-fishing, doesn't make their guess right. If they're wrong, it could still cost them money.) Think I'll power off and go fishing now.
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