Chart 1: Gold is now down almost 28% over the last 12 months     Source: Short Side of Long  According to at least one technical indicator, Gold is now most oversold since 1985. The indicator I am tracking here is the simple yearly rolling performance, also known as 52 week rate of change. Essentially we are … Continue reading “Gold Most Oversold since 1985”

Here are some interesting breadth charts I am looking at right now, with some quick notes…..

In the past year, holdings in GLD have declined from about 1350 tonnes to barely over 900 tonnes. This is the lowest since Q1 2009 when the Gold price was about $900.  

If you have been a regular follower of this blog, you would have noticed that I am extremely optimistic about the long term prospects of Precious Metals. I continue to buy during this bear market and try to time as many major intermediate lows as possible. However, simultaneously, I have also stated on many occasions during … Continue reading “Chart Of The Day: Gold Correction In 1975/76 vs 2012/13”

If you are sick and tired of reading Precious Metals sentiment updates on this blog, I do not blame you. As an author of a contrarian blog, my job is to report as an objective view as possible of sentiment indicators developing within the various asset classes. Right now, it seems that Gold is one … Continue reading “Hulbert Gold Sentiment At Record Lows”

Whether it was the technical oversold levels or the extreme bearish sentiment, there is no denying the fact that Gold Miners are now at bargain prices….

  I’ve been discussing the equity markets quite a lot in the last several weeks, but in my opinion the real action is eventually going to occur in the commodity markets, especially in the Precious Metals sector. Over the last several quarters, this sector in particular has under-performed against equities as well as bonds. But … Continue reading “Tiho Brkan: Precious Metals At Decision Point”

Tiho Brkan examines Bonds, Silver, US$ and some economic data…

….. it is my view that certain risk assets like Precious Metals and Agriculture will benefit much more from Fed’s QE, while other risk assets….

Market Notes…