Re: OCC report:
volume spike and 90% or more in 1 year range. 1st quarter report should be something to see. Which direction, I assume we have equal number of buyer-seller (party-counterparty)? Again, way above my pay grade. It may however become a tell that PM sector has gained a lot of interest of late and that expections for increasing volatility are baked in. It may also be a precursor to more asset allocation into the sector.
Should that be occurring now as evidenced by fast run ups in mining stocks, they may just keep running. That is what I am thinking at this juncture.
If I am reading it right it is better just to be in, and not worry about buying at a short term daily high over bought area hoping for a correction that does not come. The last thing I want is having waited patiently this long trading the range bound trade and hoping for a bull run and to miss the train! We may be on the cusp of a very strong Bull Market. Thanks for posting that interesting info!