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<p>[QUOTE=&quot;qsilver007, post: 1466461, member: 34667&quot;]<b>response to your question</b></p><p><br /></p><p><br /></p><p><br /></p><p>Traders in general bet very bullish at tops and bearish at bottoms due to the way there algorithms and trend follwoing tools are in place</p><p><br /></p><p>GOLD</p><p><br /></p><p>many traders got hurt buying gold all the way down and had to blow out under 1550</p><p><br /></p><p>1530-1550 area is being called a range bottom with intermediate resistance at 1642 then 1699-1718 then 1777-1800</p><p><br /></p><p>GLD and SLV investors have held strong thru this downturn as shares outstanding have remained within 5% of the all time highs</p><p><br /></p><p>Large upside call buyers have been placing huge money bets that between now and April 2013 will will be over 2000, specifically 2000-2100</p><p><br /></p><p>conclusion from this is that ALGO&#039;s/Quants/Machine traders, etc have gotten destroyed over the past few months buying tops and selling bottoms</p><p><br /></p><p>SILVER</p><p>more traders are warming up to silver as gold has made a clear move away from its low</p><p><br /></p><p>silver traders are staring to believe that this could be an &quot;inside range year&quot; of say 27-37, we are at the lower end of the range</p><p><br /></p><p>option players have put decent premiums back in the upside calls meaning they are just as scared of silver going&nbsp; to 35 as they are 25</p><p><br /></p><p>large option funds selling downside puts to buy upside calls around the 20 level and the 35-37 level, generally struncturing ideas that will get them long at 20.0 and really long between 35 and 37 (this years highs)</p><p><br /></p><p>silver futures spec open interest is amonst the lowest in ten years, which has generally signified a bottom</p><p><br /></p><p>PLATINUM</p><p>Largest evry open interst in COMEX Platinum was June 1st, 2012 primarily Spec short, that has decreased by 35 percent in two weeks meaning that platinum looks like it is eting a range of 1390-1740</p><p><br /></p><p>IMPLATS, the 2nd largest Platinum miner in the world, in Rustenburg ZA has been experiencing supply disruptions as workers strike for better pay and working conditions, also the ZA govt is cracking down on illegal immigrant workers coming over the ZA border to work for Implats.&nbsp; This is going to cause a decrease in production this year of at least 16% worldwide.............to counter that though European demand will be down too, due to the ongoing finacial crisis there</p><p><br /></p><p>many traders have tried the old buy PL sell GC trade they always get forced out at bad prices like 180 credit, eventually that spread should come back in line where PL is 10-25 premium to GC bu that does not look like it is in the books now.&nbsp; I f a supply disruption can&#039;t bid up PL not sure what will</p><p><br /></p><p>I hope spell check worked, and this is more useful,&nbsp; sincerely........qsilver007[/QUOTE]</p><p><br /></p>

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