Gold stock sentiment indicator. Short term indicators have spiked higher. By 40%. Same thing happened same time last month. Almost a mirror image though the gold stock sector is at a lower level. It is Friday and we have seen a few days of consolidation in POG… The trading range for POG is much tighter than it has been for some time – around $15. A real battle going on. . The current run in equity markets could continue on for some time. Yellens’ views are well known and often expounded. Have you been following the development of the Fed digital dollar? ‘Price discovery’ will become and archaic term in an economics handbook. Will productivity even matter anymore – except in wage negotiations? The path to Utopia is veering to Dystopia. Zombies overtake the earth. Let’s hope they are trapped in the US. Enough of my existential BS. I am thinking that stagflation is inevitable unless inflation knocks over the house of cards. . It is interesting how the indicator shows extremes being maintained for only a few days. The threat of gold plunging further wanes and people jump back into the market as fear dissipates. At these levels (sentiment) this should not be a problem as one can be confident that UP is coming along very soon even if further falls occur. Only an issue if margins are used. Confidence is more stable than sentiment. Timing is everything. Here is the indicator. .
