Jordan Roy-Byrne CMT, MFTA

Balmoral optionee GTA resumes drilling at Northshore…

This free update includes a few samples of our premium work…

Here is the AAII survey and the number of bears. Source   Next we show the updated speculator positions in the COT (for Gold):   Here is the same for the US Dollar:  

Last week in regards to Gold we wrote: We have the majority of sentiment indicators showing more pessimism than in 2008, an explosion in negative news coverage and news that major banks have downgraded their outlooks. Without knowing anything else, you’d expect Gold to be down considerably, yet it’s only off about 5% year to … Continue reading

In this 11 minute video, Jim Bianco explains why now is the time to buy Gold…

Jordan sees plenty of signs that sentiment for gold has reached an extremely bearish level which typically comes at key bottoms. He also explained…

Balmoral Extends High-Grade Gold System by Over 500 Metres…System Remains Open in All Directions for Further Expansion…

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.