“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 Sentimental Study
Over the past two years, the Gold Miners Bullish Sentiment Index has done a pretty good job of calling intermediate tops and bottoms in gold stocks as represented by the HUI: Sell at 80% bullish and buy after a turnaround under 50% bullish sentiment. We're currently on hold, waiting to see how much lower than 30% we get before a push upwards. Today looks promising early, but it's early. We'll soon publish our "Hit List" of those miners that we want to own for the next leg up.