Jordan Roy-Byrne CMT, MFTA

We all know that sentiment on Gold is quite bearish. Rather than post numerous charts which you’ve likely already seen, I want to note some of the recent statistics. By recent, I refer to the past two weeks. Market Vane’s bullish consensus for Gold hit its lowest since 2001. SentimenTrader.com’s public opinion, which combines various … Continue reading

We discuss our reasons for why a major low in the precious metals and mining stocks is at hand and why the long-term outlook remains strong. Go Here to Listen to the Interview  

The MarketVane survey shows bullish consensus on Gold, the lowest since 2001. Despite the pervasive bearish sentiment Gold has failed to break its consolidation lows.

Follow the link below to view the update which contains a small premium sample…

Huldra also provides an update on the status of the Merritt Mill and Treasure Mountain Mine…

We know sentiment is bearish, but let’s view some indicators to see just how bearish it is…

As the gold mining sector plunges to the end of a cyclical bear market, one wonders if this ongoing selling climax will precipitate a catalyst for more mergers and acquisitions in the industry. The last 12 years tells us that these transactions tend to follow the market itself but with a lag. Peaks in M&A … Continue reading

Thanks to Tiho Brkan for these updated charts…. Large specs long Gold position is at a 4.5 year low. Large specs silver longs have more room to decrease.

Hedge funds are the most short Gold since 2006, according to Dan Norcini.  Alasdair Macleod of GoldMoney has also written about this. His article can be seen here.  Quoting the first part of it: This week considerable instability developed in currency markets. The yield on US Treasuries has been rising, signalling that they may have … Continue reading

Since the end of December we’ve been writing about the coming bottom in precious metals. Our forecast for 2013 was to see a low in Q1 and then continued consolidation until the end of the summer in which Gold could be in good position to break $1800. That forecast remains largely intact, although it appears … Continue reading