“We are all agreed that your theory is crazy. The question which divides us is whether it is crazy enough to have a chance of being correct. My own feeling is that it is not crazy enough.”
― Niels Bohr
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.