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Kitco Gold survey: Most bearish ever!

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#1 Rogerdodger



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Posted 10 March 2018 - 10:25 AM

Kitco Gold survey is it's most bearish ever!
This week, saw Wall Street Professionals only 12% bullish, the lowest I can find.
Makes me wonder if next week could see some golden fireworks. 
Jack Chan notes:  "COT data is supportive for overall higher metal prices."
In my cursory observation, Kitco respondents seem to follow the market rather than predict it, and as with most sentiment gauges,  low bullish readings often reversed dramatically.
12/23/2016 was very bearish at 33% bulls, followed by 75% bullish with the early 2017 rally.
Other bi-polar examples:
7/7/17: 21% - 7/7/21: 72%
10/6/17: 27% - 10/13/17: 65%
12/1/17: 21% - 12/15/17: 68%
2/2/18: 18% - 2/9/18: 50%

Edited by Rogerdodger, 10 March 2018 - 10:33 AM.

#2 Lee48



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Posted 10 March 2018 - 01:27 PM

Silver COT is extraordinary bullish! But the Gold COT is somewhat troubling. Clive Maund



I'm trying to figure out whether to get a $HUI miner position now as support seems to be holding in a trading range or wait for a possible final flush that may still happen during March or April. Hmm

Stocks like GDXJ, HMY and CDE are moving to the upside without $HUI moving up. Chomping at the bit.

#3 crossd



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Posted 13 March 2018 - 12:26 PM

..this week's Barrons commodity page featured silver as being more bullish than gold for 2018..



#4 Lee48



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Posted 14 March 2018 - 01:28 PM

I'm still looking at Mr Gann's video from Feb 8th for proper timing. It all boils down to him having the correct vision of the chart pattern setting up.

The basing pattern and possible flush can stretch out to May 7th. We'll soon see what happens.


#5 Chilidawgz


    A fool and his money... (the second mousie gets the cheese)

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Posted 14 March 2018 - 01:37 PM



Edited by Chilidawgz, 14 March 2018 - 01:42 PM.

Anything can happen...what's happening now?
No one can forecast the future. No one.

"Again, this is all based on some trivial elementary school arithmetic."
(The individual in the quote was giving his opinion on TA...way too funny smile.png
That comment made me smile and spit out my coffee)
“To speak out against the madness may be to ruin those who have succumbed to it.
So the wise on Wall Street nearly always remain silent.
The foolish have the field to themselves, and none rebukes them.” (J.K. Galbraith).