Look folks, I realize that the last month has been fun for everybody with stocks and commodities bottoming and joining the bounce party. Reproducing the Multi-asset chart from NFTRH 386 once again, we see that gold led the whole thing by a couple of months and as of this morning’s pre-market post was pretty much still in line. Well, a $15 shave today and it’s looking more suspect.
Not so fast folks. Per an NFTRH update this morning GDX is not yet indicated to be correcting and I sold my DUST positions (sorry, I did not make a…
I just got the tragic news from a long-time subscriber about his son, a young boxer who has sustained a major brain injury while pursuing his dreams. If you click…
Normally I want to try to avoid updates about what I am doing with personal trading, especially during emotional, hype-filled weeks like FOMC week. But with the gold sector so in the spotlight lately and with my stance (about the risk of a correction) I assume well known, I wanted to update you on a move I am making this morning.
So, has Kitco sentiment suddenly become a good positively correlated indicator on gold bullishness or is it still a good contrary one? I am curious.
“This week, Kitco’s online survey received 1,085 votes, of which 829, or 77%, were in the bullish camp for next week. The remaining 175 participants, or 16%, say they are bearish, while the other 81, or 7%, say they are neutral. Votes tallied for this survey start from Wednesday morning until Friday at 9:30 a.m. Eastern time.”
Bullish Gold Calls Post-ECB, Ahead of Fed
