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Gold Sentiment


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#1 Rock

Rock

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Posted 19 December 2005 - 03:47 PM

I am including a free clip from Schaeffer today seeing bullish neg sentiment from gold options players and advisors. Question: Why is COT no longer on the table? COT is all you heard here in Nov. Are the shorts permanently burned? Sitting long at break even on a basket of juniors. Sector Technicals Gold & Silver (XAU) Bullish Sector trading above its... 20-day Moving Average: YES 50-day Moving Average: YES 100-day Moving Average: YES Sentiment:Sentiment toward gold and related issues has remained somewhat pessimistic despite the metal's run-up. XAU's current SOIR is near an annual high, indicating that options investors are positioned against the sector. Additional pessimism is available from an analyst community that currently offers just 30 percent "buys." Outlook:With the continued strength in gold, the pessimism toward the sector will likely shift, offering more buying power for these stocks. The lack of appreciation for gold and gold stocks should pay off for investors in the near term.