Sentiment

According to Bloomberg, Gold traders are the most bullish they’ve been since 2004. The survey shows 21 of 22 respondents expecting Gold to rise this week. Gold is up 26% year to date and has benefited from the Euro debt crisis. According to a Bloomberg survey, the median estimate of eight of the ten most … Continue reading

Great Post from the Short Side of Long: I’m not really sure if you want to classify Gold and Silver as commodities or currencies – that is upto you. I am a strong believer that these two assets are in a secular bull market that will eventually go so high, even I will be surprised… … Continue reading

Gold and Silver Speculators Have Left the Building by Jordan Roy-Byrne We use a combination of sentiment analysis and technical analysis in market timing which often gets a bad name courtesy of mainstream retail nonsense. The dumb money tries to time the market while the smart money utilizes market timing to weigh risk and reward. … Continue reading

Was at a discount to NAV of 1% as of yesterday’s close.  CEF does not spend too much time with gold and silver bugs allowing it to go at a discount.  I am buying some to add to PM miner holdings.  What the hell, have you seen the sentiment in gold & silver lately?  Bombed … Continue reading

This material is an excerpt from a premium update Last week we wrote about Silver so this week we decided to provide an update on Gold. In looking at the price action and sentiment indicators we find that Gold is once again ripe for what is becoming an annual seasonal breakout. Gold has broken to … Continue reading

Mark Hulbert’s HGNSI (a sentiment indicator) was 74% at the recent all-time high. Now it is only 20%. Gold has remained firm as most assets- including gold and silver shares, have declined. Consider the average recommended gold exposure among a subset of the shortest-term gold timers tracked by the Hulbert Financial Digest (as measured by … Continue reading

This is also known as the “speculative long position.” The chart is from ZeroHedge.com.

Over the past few weeks Gold has traded at or near record highs. It has yet to embark on a sustained breakout but that is not because Gold is a crowded trade. In recent months money has moved into equities, Oil and Silver. As a result, some hot money and speculative money has moved out … Continue reading

From Jeff Clark of Casey Research… You already know the basic reasons for owning gold – currency protection, inflation hedge, store of value, calamity insurance – many of which are becoming clichés even in mainstream articles. Throw in the supply and demand imbalance, and you’ve got the basic arguments for why one should hold gold … Continue reading

This comes from Reuters: The fading allure of bullion and gold stocks is tied to rising prospects for the global economy, said Howard Atkinson, the president of BetaPro Management Inc, which puts out a quarterly survey on adviser sentiment. The latest results showed a big drop in expectations for gold following two years of consistently … Continue reading

Back to gold bullion, BCA Research argues that it is hard to make the case that gold is currently “a crowded trade”. Many institutional and retail investors agree with the gold bull case but….

There are many ways to measure market sentiment. We use surveys, put-call ratios, fund flows data and for commodities especially, the commitment of traders reports (COT). Lately, we’ve noted the improving sentiment picture for Gold. As a market weakens sentiment will naturally become less bullish. In this case, sentiment has weakened considerably yet Gold is … Continue reading