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Commentaries, Sentiment

GTU Premium

By Jordan Roy-Byrne CMT, MFTA •Posted on January 14, 2011

This chart comes from Babak at TradersNarrative:

The premium in GTU has dipped into the red for the first time since October 2010 and prior to that, late 2008. This is positive as it shows optimism is now quite low, if there is any.

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Jordan Roy-Byrne CMT, MFTA is a Chartered Market Technician and Master of Financial Technical Analysis. He is the author of the 2025 Book Gold & Silver: The Greatest Bull Market Has Begun. He is also the editor and publisher of TheDailyGold and TheDailyGold Premium, a newsletter which emphasizes market timing and stock selection for precious metals investors. Read more →

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