chux03
18th March 2009, 13:42
www.321gold.com/editorials/degraaf/degraaf031809.html
Peter Degraaf
Mar 18, 2009
"Among the Gold and Silver ETFs there is one that is superior to all the rest."
Early on March 17th Max Hulbert reported that his Gold Newsletter Sentiment Index (which tracks leading gold advisories), had dipped into negative territory.
Three weeks earlier this same index had shown gold analysts to be in a bullish mode by 61%, and now some 15 trading days later, these same analysts are 16.5 bearish, and advising their clients to be short gold for the time being.
For contrarians this is good news, and indicates that a buying opportunity in gold is likely on the horizon. As a rule, gold analysts are most bullish near a top and most bearish near a bottom. What say the charts?
Click the link above to see the charts and finish the article.
Peter Degraaf
Mar 18, 2009
"Among the Gold and Silver ETFs there is one that is superior to all the rest."
Early on March 17th Max Hulbert reported that his Gold Newsletter Sentiment Index (which tracks leading gold advisories), had dipped into negative territory.
Three weeks earlier this same index had shown gold analysts to be in a bullish mode by 61%, and now some 15 trading days later, these same analysts are 16.5 bearish, and advising their clients to be short gold for the time being.
For contrarians this is good news, and indicates that a buying opportunity in gold is likely on the horizon. As a rule, gold analysts are most bullish near a top and most bearish near a bottom. What say the charts?
Click the link above to see the charts and finish the article.