Commentaries, Sentiment

Gold Sentiment Updated

I look at many things to track sentiment. In terms of Gold we have COTs and various sentiment surveys among other things. The ISE put-call data has been the most reliable for me as well as my subscribers. Here is an updated look at the ISE put-call for GLD.

In two of the past three days we have seen the two highest put-call readings over the last four months. Note that the 7-day moving average has accelerated higher in the past few weeks.

Obviously, no indicator is full-proof, but one has to think this augurs well for continued gains in the ancient metal of kings. Like this analysis? Consider testing out our service for 14 days.

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