Put/Call Ratio Gold

Put/Call ratio > 1. Bearish.
Put/Call ratio < 1. Bullish.

A low Put/Call ratio signifies support for the gold price.

Call on OPEC

The call on OPEC is the amount of oil OPEC needs to produce to balance the oil market.

When the call on OPEC drops, there is less need for oil and the oil price will drop.

Put/call ratio negative for stocks

If the put/call ratio theory is correct, the stock market should decline next week.