Australia's largest stock trading and investment forum Australia's #1 stock forum

GOLD

0.51%

$1,391.7 gold futures

gold, page-93484

First 93484 Last

Share
Profile

Follow
Goldnumber

13,076 Posts.

673

13/03/21

21:25

Post #: 51747906
Share

Originally posted by Pointyfigures: ↑

Gold stock sentiment indicator.
More contrarian evidence. Blackrock suggesting gold is not the inflation hedge we think it is.
And Barron's are suggesting gold could fall further and other commodities are a better investment.
That about rounds up all major hedge funds, banks and financiers bearish positions on gold.
In the meantime they are quietly accumulating and stashing.
After all, the gold disappearing from Perth Mint must be going somewhere and it isn't the ETF's.
.
The fun and games continued on Friday night and $1,700 held up well with a strong rebound from this level.
.
I have included the trend as I see it on the sentiment indicator.
As you can see it is about to slice through the trend and seems very likely on Monday.
We could be in for a bull trap (circled) but I think this unlikely. Do not mistake this for volatility.
We will know for sure if sentiment continues to rise then on the reversal, a rising trend acts as support.
I expect support to be between 30% and 35% depending how strong and long sentiment rises for.
I think Aussie gold stocks will do quite well on Monday.
If the tide has turned then the sentiment indicator could well be an excellent tool for timing entry and exit in gold stocks.
The structure of this market has changed and understanding it will be critical for making mucho dinero.
Given how this market works, I suspect the next low to be somewhere around April 28th. Plenty of time to make hay before then. Sentiment must keep rising from here. A pause is possible but not banking on it.
BASEL lll is the known unknown.
.

Expand

Not that I am any of judgmental in the beauty of others words but that opening para pointy top of top shelf. hmmm
- and for some that unknown as = blackrock have an extra good relationship with the US gov & the biggest of the fund biggens...
Enjoyed that para me stop these words and need read again..

Last edited by Goldnumber: 13/03/21
2 Upvote

0 Great analysis

Reply

Top Stories

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

BCI

BCI reaches close of funding facility for salt-first part of Mardie project

CKA

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

SLS

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

BUX

Buxton projects new graphite province discovery at WA Narryer play

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

NTI

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

WCN

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

There are more pages in this discussion • 35,907 more messages in this thread...

First 93484 Last

Add GOLD (COMEX) to my watchlist

gold, page-93484

Top Stories

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

BCI reaches close of funding facility for salt-first part of Mardie project

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Buxton projects new graphite province discovery at WA Narryer play

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Featured News