Gold stock sentiment indicator. Nothing much has changed. Even the Fed change in policy direction (note that they have been targeting an increase in inflation for years - to no effect) is not relevant without some change in action. Not many options left except to tackle corporate (and hedge funds?) behaviour. Unproductive middle men are bleeding countries and companies dry. . I am going to make a bold call here. We are now embarking on the next leg up for the gold sector. Before setting new highs, there are various levels of resistance to get through so I expect each decent move to be followed by a short consolidation period and the odd minor rejection. . Unlike many, I do not believe the USD is going to collapse. Apart from very solid support that has hardly been dented, it will still be the go-to if there are any market jitters. . Producers are following POG moves and weak hands are still being shaken out of positions. What is interesting is while leading indicators have fallen back to the sub 40% area, the sentiment indicator has ticked up a little. This suggests quality juniors are well supported and bargain hunting may be underway. There is a good degree of pessimism out there and expectations of a pull back in POG to the US$1,750 area. I do not agree. A move of this scale would have most stocks going into a bear trend. Support would be demolished all over the place. We are in a bull market. The recent pull back from the high has been timely, healthy and appropriate. Monday is looking good. Here is the indicator. .