Loading ...The talk of COTS and “anecdotes”
It’s easy for someone who comes to this site to think that EVERYONE IN THE WORLD IS BULLISH and that is the sentiment indicator… but I would argue that we are much more under the radar than that.
Look…
Goldman calling for gold 1000
Larry Edelson calling this week in his update for a drop in gold to sub 1200 at least
Savage calling for Gold to chop or down into its ICL
Armstrong holding out the possibility for a gold collapse to sub 1000
Trader Dan issuing a silver COT warning
vs.
A bunch of little guys running their own money and bouncing ideas off of each other at Goldtent and making a killing in miners
I’d argue that the MORE MAINSTREAM view is that gold is headed lower not higher… at least from my “anecdotal” perspective. I’m prepared for both, but I’d hardly come to the conclusion that “the long lemmings are headed to slaughter.”
Every gold guy that I follow is bearish after this up move. EVERY ONE. Well, except Rambus and Spock… but I consider them Tenters.
Cash, Spot on! Great perspective and post. I agree that this and other sites do not reflect the broader market sentiment for the PM Sector.
Hear, hear! Add to your list Chris Vermeulen, Clive Maund, Przemyslaw Radomski. It’s bears, bears everywhere you look.
“A bunch of little guys running their own money and bouncing ideas off of each other at Goldtent and making a killing in miners.” LOL. The game is afoot.
I’d concur with that assessment as well. Outside of TA Paradise I am hard pressed to find a bull.
Had I listened to “those guys” – you know, the pros – I would have dumped several stocks and lost out on some huge gains.
This is the first time I have invested with confidence since way back in 2008.
Sitting tight till the market says otherwise. Period.
The majority of the gold analysts are either bearish or they are waiting for a correction.
One of the best (and funny) example is Kereport where all the analysts completely missed the bottom,they even “fired” Gary Savage just before he called the perfect bottom on the same day it happened!
Now they are saying there will be great opportunities in the gold sector in the months ahead,but a correction is needed to buy at better prices!
Good Thread Guys
🙂