gold, page-79011

Gold stock sentiment indicator

The gold price and sentiment indicator are going in the right direction.

Apart from the big drop in sentiment on the 12^th, there was little to signify a bottom may be in.

At that time the indicator fell a little further than I expected but this could have more to do with the bourse than the sector.

Very few buy signals have been generated and most medium term trends are untroubled though there do appear to be short term opportunities.

This could be what a sector bull market looks like as it is a decade since the last one and I lack historical reference or precedence.

The choppy nature and shortish down period on the indicator and stock consolidation patterns in play still have me a little concerned.

If gold can go up another US$20 and stay there I would be a lot happier.

You cannot deny a strong stock so make hay while the sun shines. Doing a little accumulation myself.

Here is the indicator.
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