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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.
 
Example:
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

https://www.clivemau...cle.php?id=4572

 

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..

 

donc



#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.

http://www.ganngloba...6eb770ffa176d59



#5 Chilidawgz

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Posted 14 March 2018 - 01:37 PM

gold2.jpg

gold.jpg


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

Anything can happen...what's happening now?
No one can forecast the future. No one.
 
All stocks (ETF's) are BAD...unless they go up - William O'Neil
 

#6 Rogerdodger

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Posted 25 March 2018 - 12:05 PM

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.

 

Well, the fireworks happened and this week the bi-polar sentiment exploded from 12% bullish to 76%.

Lots of resistance here around $1350.

 

http://www.kitco.com...o-Continue.html



#7 dougie

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Posted 25 March 2018 - 07:39 PM

 

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.

 

Well, the fireworks happened and this week the bi-polar sentiment exploded from 12% bullish to 76%.

Lots of resistance here around $1350.

 

http://www.kitco.com...o-Continue.html

 

76% in a week?

is that sort of reversal suggestive of anything historically?



#8 Rogerdodger

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Posted 25 March 2018 - 10:24 PM

is that sort of reversal suggestive of anything historically?

 

 not sure.

As I said:

"In my cursory observation, Kitco respondents seem to follow the market rather than predict it, and as with most sentiment gauges"

 

$1350 seems to be the battle ground for now.

 

t24_gold_en_usoz_home_262_130.gif


Edited by Rogerdodger, 25 March 2018 - 10:25 PM.


#9 CLK

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Posted 26 March 2018 - 06:03 AM

Gold is the worst trading instrument out there. Never understood why people like it.  

Better movement in the Eurodollar and that's not saying much.



#10 CLK

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Posted 26 March 2018 - 06:19 AM

No, I think the reason is somewhere along the way people lost a fortune on equities and said

never again. so it's not really that gold is so appealing but that equities are to be avoided,

otherwise the majority on the gold board would be posting equity calls and trades

as well as gold, but that's not the case.