Loading ...And then we have this….
Gold traders and investors should be worried — gold-market timers have become extremely bullish. Gold timers on balance are more bullish today than on more than 96% of the trading days since 2000.
https://www.marketwatch.com/story/bullish-gold-investors-now-have-reason-to-worry-2019-02-04
Yes, My cycle work shows we are likely topping here.
I’m being inundated by newsletters telling me that now is the time to invest in gold. Not a single one is saying to sell. Even the poll on the right is noticeably bullish. We also had a low volume false breakout of the rising resistance trendline going back to the bottom in 2016. Irrational exuberance! to quote someone we all know.
Great information. Thank you!
Investors ate not worried about short term swings. Why would they be worried? 🙂