I have posted in the past that I have started monitoring the Gold sentiment index.

If I understood it better, I should have seen this drop coming a month ago.

Check it out. I aligned it with the HUI index to see how it matches up.

After todays performance, we should be not too far off the 20% area – I.e. oversold.

Cheers

 

I apologize, but the chart does not appear to be very legible.

The top chart is the 1 yr  Gold sentiment.

The bottom is the 1 yr HUI Index.