Regardless of whether we have seen a major low or not, in the second part of the update I would like to focus on the long term Precious Metals picture, while eliminating short term market noise….
It has been a while since a Precious Metals article appeared on the blog, so we are definitely overdue for an update on the current situation. There is plenty to write about from both the short and long term perspective, so it is appropriate to break the post into two parts. The second part will … Continue reading “Precious Metals Update”
Daily sentiment index (DSI) has hit extreme bullish readings on Gold at 90% bulls and on Silver at 92% bulls. In a downtrend, this is a contrarian signal to sell or short the rally. In an uptrend, this is not a contrarian signal to sell or short, but just to expect prices to digest recent gains … Continue reading “Gold & Silver Daily Sentiment Index”
This is another brilliant piece of work from Tiho Brkan, a fund manager in author of the Short Side of Long….
Market Notes Dow Jones Industrial index is now up for a fifth weekly gain, while Dow Jones Transportation has only managed one weekly gain in the last five. I continue to monitor what I believe to be a serious non-confirmational Dow Theory warning signal between these two indices, especially as the VIX remains at extremely complacent levels. … Continue reading “Checking The Mood Of Mr Market”
Checking the pulse of the global credit markets…..
PMs update on technicals, sentiment, breadth, seasonality and more…..
Topics Covered…Global economic data worsening towards a recession…Treasury Bond sentiment is extremely optimistic
Topics Covered Global growth and inflation expectations Only handful of managers are taking higher risk Fund managers continue to rise cash & bond levels Commodities are now underweight by fund manager Overview Today’s post specifically focuses on BofA Merrill Lynch Fund Managers Survey. it is one of the best contrarian indicators I know within the … Continue reading “Fund Managers Rising Cash”
Just a quick Precious Metals sector update. Yesterdays dip, even though reversed by the end of the trading day in the US, scared retail investors from the iShares SPDR GLD ETF data that I collect. The sharp 1 minute drop during London trading hours in Gold got retail crowd worried that more selling will follow through. … Continue reading “Quick Precious Metals Update”