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Precious Metals Update
PMs update on technicals, sentiment, breadth, seasonality and more…..
Posted on
PMs update on technicals, sentiment, breadth, seasonality and more…..
Posted on
Topics Covered…Global economic data worsening towards a recession…Treasury Bond sentiment is extremely optimistic
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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
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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