the sentiment #s are from being overly bullish, in fact they are slightly bullish, especially when compared to silver
these #s are as of thrusday
The HGNSI was unchanged at 45.45%.
MarketVane’s bullish consensus rose 1 point to 63% and a new multiyear high
DSI rose 3 points to 83% and its highest level since March 4t
. Silver’s DSI was 97 for a third straight day.
the commercials are very short. now they are considered the "smart money"
they will be short the entire bull, covering on weakness that occurs from time to time
it looks to me from sentiment . chart patterns , time and seasonal factors http://seasonalchart...ssics_gold.html
we are ready to go higher. once this present correction ends
miners
they were down 85-90%at the decemter lows they have more than doubled since then which means they are still down 70-80%
my focus remains here
since 96 vs gold miners have lost ground. i believe that we are having/going to have stagflation which is an environment where miners thrive
i would like to add gold topped in jan of 80 the miners continued to go up, in spite of golds weakness for another 9-10 months tacking on another 30-40% selling at these prices. is selling miners as spinach in stead of gold. i just hope folks dont have to chase
till some time in june i was on margin . recently cut it back to 90% long, now i am back to 100% long. i will be selling some , but not yet
dharma