The XAU Put/Call Ratio Reveals A Dramatic Rise In Fear

The XAU Put/Call Ratio experienced a dramatic rise, from a complacent level at 0.63247 for the final August expiration on 8-18, to a very fearful level at 1.22778 on 8-18 for the September expiration. The dramatic rise in fear points to substantial near term weakness. Many traders understand that a dramatic decline in the XAU (gold/silver stocks) is likely in the next few weeks.

For recent action see http://finance.yahoo.com/q/ta?s=%5Exau&t=5d&l=off&z=l&q=b&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c=. ....... http://www.JoeFRocks.com/