NFTRH Update 8.15.13, Gold Sector Sentiment

A quick update today.  I am not trying to scare anyone – least of all investors.  But traders should be aware of the following sentiment structure for the ‘Gold Bugs’ category at


This comes just as HUI is coming up to resistance.

I am bullish on this sector but volatility will enter the picture sooner or later.  The reading above lurched from 10 to 100 in 2 weeks.  This is a poor sentiment reading for the short term.