Been wanting to post up all day. $BPGDM is at extremely low levels indicating bearish sentiment.......Me Likey! This has pretty much flagged an upturn in PM's just like it did early October. I posted a correlation back on the 7th Oct highlighting exactly the same scenario if you wish to see some charts. Also,,,,remember the US ruling on limits where they gave JPM et al 60 days for enforcement....19th Oct I think it was...I expected another beat down between then & Jan 19th 2012 so no surprise there. On another note, oil ($WTIC) has come of it's highs and whispers of deflationary pressures are already circulating. Mmmmmm....what's that about the Fed and deflation? Did I hear someone mention QE3? Either that or War and commodities are off to the races. My preference for the former.
Always receptive to market signals but right now I'm not sellin' nuttin'
2012 sure is going to be interesting!
AYN Price at posting:
5.1¢ Sentiment: Hold Disclosure: Held
