gold, page-81964

Gold stock sentiment indicator.

The gold price is in a buoyant mood.

Off again this morning and spot leading futures by around $6.

As I type, $1,960 gets taken out. FOMO?

And silver…..

Futures contracts into 2021 have gold at over $2,000. Expect this to continue higher.

https://www.bnnbloomberg.ca/amid-record-prices-gold-futures-point-to-another-big-delivery-1.1471275

The shorters must be having nightmares.

The AUD is back into the resistance zone so A$POG may get a leg up this time around.

Nice moves in stocks yesterday though surprisingly leading indicators, while high in the mid 60’s, are lower than the sentiment indicator.

There have been a few laggards in the advanced explorers, particularly those that have had nice moves earlier in the month.

I suspect there are many new players entering the market, looking for ‘cheap’ gold stocks, sending the indicator north by picking up the minnows.

While there has been news about record highs, it is not trumpeted and many come with warnings about an over-priced bubble, etc. Little do they know.

I suspect the speed of the move has caught many napping. Not me.

The indicator has performed really well in identifying when the moves can be expected.

Possibly a new high in the indicator today.

Here it is.

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