Good day gentlemen,

I have been studying the Daily Sentiment Index (DSI) for some time. It measures the publics sentiment towards specific investments. The chart in the picture below, measures DSI towards Gold. I plan to start to use it as a tool to time my entries and exits.

The DSI is to be viewed as a contrarian indicator. When it is above 90%, it means everyone is extremely bullish and therefore very little new money is entering the sector … I.e. the top is in. When the DSI is below 10% , everyone that was going to get out, is out and thus it indicates the bottom is in.

As you can see, the bottom is in according to the chart. I have handwritten what the corresponding tops and bottoms were on the HUI. IMHO, the correlation is consistent and worth considering.  I am sharing the link that I use to get the DSI chart. When on the link, along the left hand side you need to select Gold to pull its chart (Silver is found under commodities header).

https://www.traderspro.com/#/marketTrend/sentiment

I would be a buyer at this stage, not a seller.

Hope the picture below is legible.

Cheers

Rob