Click on any chart to engorge it

Click on any chart to engorge it

Gold Stocks Hit 9 Month High - For Bearish Sentiment

Just where we like to buy 'em - when everyone else hates 'em.  Bullish sentiment on gold mining stocks has been cut in half so far this year - from 80% to under 40%.  There might be some additional downside, but unless the entire equity market craters, we're probably close to a tradeable bottom here.  We'll focus on the sentiment in other market sectors the rest of the week to see how they compare to the precious metals.