Gold stock sentiment indicator. Though gold has taken off in the last couple of weeks, stock prices refused to move. A bit of selling into gold price rises, particularly while the ASX is doing a dump. The AUD is doing fine. Nailed the low. With sentiment at current levels, I was bemused by all the negative press about gold and gold stocks. Let us assume we are now on a bull leg and sentiment is going to head back up towards 60%. This means at least 40% of Aussie gold stocks are going to rise at least 15%. The good ones will rise much, much more. Plenty of time to get on board and if you can't pick a bunch of winners then you need to improve your stock picking skills. Expect the recent 3 day consolidation to be a feature of gold price moves. If I have cash, I will be buying dips. .
