The Phaserl


Gold and Gold Stocks – Technically Still Convincing

by Pater Tenebrarum,

Dips Are Bought, Pennants Indicate Trend Continuation

We recently came across the information that the DSI (daily sentiment index), a short term futures traders sentiment survey, clocked in at about 80% bulls. This is as high as at the interim peak in gold in late August 2013, so we want to caution that in the very short term, gold looks a bit stretched from a sentiment perspective. However, it must be pointed out that it is only this very short term indicator that shows a high level of bullishness. Similar enthusiasm is simply not reflected in any other sentiment data we watch. One point that needs to be made about the DSI is that it can sometimes remain stretched for long periods of time, and is moreover quite volatile, so that often a brief correction is all it takes to bring it back to a more balanced reading. Meanwhile, gold continues to look technically convincing and the same is true of gold stocks:

Read More @

Help us spread the ANTIDOTE to corporate propaganda.

Please follow SGT Report on Twitter & help share the message.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>