are us banks shorting ozzie goldies - (boa), page-55

"I have been aware that smart money was selling out, but only relatively recently as a result of notices released on the ASX in relation to share sales by Sprott and Baker Steel... David Galland was suggesting that one should sell out (or sell-down) of goldies ahead of the ending of QE2."

Loki, this couldn't be the same Sprott appearing on KWN twice-weekly telling everyone gold stocks are undervalued three standard deviations from the mean.... could it?
(tongue firmly in cheek)

I wouldn't take all these experts too seriously. You make more money doing the opposite. This is why I track Market Vane sentiment data for timing investment decisions.... collectively these people, the newsletter writers & fund managers are, by-and-large, contrarian indicators. The gold sentiment data firmly backs this up... do the opposite and follow the commercials/bankers on COMEX instead!

For example, click on the link below of the gold:xau ratio then change to "weekly". The ratio has now crossed over 7.0 again... the first time it did this was in late September 2008 - by this measure gold stock pessimism has returned to the depths of the financial panic!

http://stockcharts.com/h-sc/ui?s=$gold:$xau


Rowingboat