Loading ...There’s a lot more to it than that and in particular just GLD and SLV
If the put/call ratio was so important, the amount of short contracts at the CME would be equally as important – meaning if the short futures contracts were ever squeezed, the metals would never go DOWN. In reality what we see is the opposite, the more short contracts, the more the price tends to fall.
There is no simple answer for how these trade other than unadulterated manipulation that is right out in the open.
mom and pop buying put and calls has zero effect