Gold Sentiment

A 6-page flash update was just emailed out to subscribers. We covered two actionable sentiment indicators for Gold and the the advance-decline line in GDX. We also provided comments on one of our holdings and the possibility of adding to one of our trades. Click Here to Learn More About & Subscribe to Our Premium … Continue reading

Mark Hulbert’s HGNSI is not looking to favorable for contrarian bulls. The HGNSI was over -50% at Gold’s summer bottom. With Gold trading around $1300 the indicator is above 20%. Source: Why Aren’t Gold Traders More Scared?  

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

By one historically accurate contrary sentiment metric, the gold market is poised to stage a surprising move higher soon.  From the Hulbert Gold Sentiment Newsletter Index: over the three decades I’ve been tracking investment newsletters, the gold market has — on average — adhered to the contrarian pattern. That is, bullion has turned in far … Continue reading

Commodity Online polled over 20,000 respondents on the near-term prognosis for Gold. Here are some snippets from the piece:

Over the last few weeks we’ve been writing about potential macroeconomic developments, which will drive Gold in the near term and in the years ahead. We thought we’d take a break from that and focus on what we enjoy most: analyzing technicals and sentiment….

…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 a variety of reasons I am almost certain our on-going gold bull is nowhere close to Stage Three yet. Gold isn’t going parabolic anytime soon, so if you are planning on retiring in 2010 from this years’ gold gains I suspect you’ll be sorely disappointed…..

My opinion of gold has changed 180 degrees since December. It’s because investor opinion about gold has switched, from remarkably bullish to pretty darn bearish, pretty quickly. Let me show you what I mean……

Courtesy of the Big Picture Blog (Barry Ritholz), is a thoughtful piece by Paul Brodsky, concerning the empty rhetoric from some Gold bears….”It’s a crowded trade.” I have been harping about this for quite a while…..