"I'm of the belief that we have put in a significant bottom (although thats not to say we cant re-test it!) and should find that the next six months brings an uptrend to precious metals & stocks and therefore, it should be a pleasant period for precious metal equities."
Adweb, I'm of similar view and thinking one more downturn into Nov/Dec due to tax loss selling... but that may be wishful thinking on my part with funds coming in to deploy before Christmas.
Here's another such chart... the HUI-gold ratio noting the bullish divergences since June (MACD) and August (RSI), boding well for gold equities in 2012 in my opinion.
The second chart below shows Sentimentrader's public opinion chart on gold itself (a weighted amalgam of several sentiment surveys) which remains at the low end of its three-year range and lowest reading in Oct since 2008 actually.
