I follow a lot of global gold bugs and precious metals...

I follow a lot of global gold bugs and precious metals 'experts'. Day in , day out (as many here) I'm heavily invested in that sector.

The gold miners, blue chip as well as juniors and explorers have been unloved for years irrespective of gold price.
(It can be seen from any historical chart of the gold miners indices compared to the Price Of Gold)

POG has been hitting the US 2000 mark on and off for over 10 years.

As previously mentioned the sector goes largely unnoticed, as a result.

However,, this is changing, as the gold price is starting to hit main stream financial media, having broken out of that 10 year malaise at around US$2000-2100.(now circa US $2150+ ?)

Sentiment is changing. Big wheels turn slowly.

Global funds traditionally held 2% or more (up to 6%) of their portfolios in precious metals. At last count it was only about 0.5%.

If these funds start to revert to the mean , that's 4 times current holdings. That's a lot of buying pressure.

I think the shift has already started. Keep your eye on this chart if you want to compare market sentiment with ERM. It's easy to find.