Gold stock sentiment indicator. Feel like writing another tome but am imposing self-restraint. Keep it for the weekends. The inflation genie appears to have stuck its' head out of the bottle. Skills shortages and wage rises soon to be appearing at major venues near you. This script has already been written but no one reads or listens. . Read BofA have to find 300 million oz of physical silver. Could be interesting. . Been watching the spot v futures prices that have been fluctuating between backwardation and contango over the last couple of weeks and have often wondered what price is the pivot and why. Now believe I have an answer. You know which site this is from so here is the graph but the author is worth chasing up as the information could be quite useful. I will be watching how the rest of the month plays out in relation to this graph. The middle (green line) is the pivot price as far as I can tell. This is COMEX delivery month for gold. https://www.*****.com/news/2021-04-13/Gold-Futures-Technical-Analysis-A-strong-volume-profile-level-is-being-tested-again.html . . Sentiment is down a little. The rebound has not really rallied stocks as much as I would have thought at the time of writing. Seems like our market (Aussie) is the continuous target of shakeouts. Not surprising really as we have some of the most undervalued and best performing gold companies in the world. Here it is. .
