Consolidation Update
I have been tracking the Miners sentiment chart.
It seems to have put in a low in at 16 and it now seems to be in a reversal to the upside back at 20.
This is, to me, a very positive turn.
https://stockcharts.com/public/1906477/chartbook/236613197
When there is little to no room on the downside, odds are that direction will change to the upside.
The Hanke-Cofnas Gold Sentiment Score ranges from +10 to -10 and it stands at almost -9.
I get the Hanke-Cofnas by email. If anyone wants it forwarded, let me know.
Next week will be very interesting.
Sir Plungers call for a bottom in early to mid October seems to be on track.
Cheers and Happy Thanksgiving.
Rob
The beatings will continue until the sentiment gets better…LOL
I’ve always liked that BPGDM indicator. Good to see it’s lining up!
Can you forward me that other report? cunneff at Gmail dot com
Sir Silverhawk, it should be in your inbox.
Cheers
Thanks Sir Walnut
Please keep us posted on the sentiment indicators.
They are under utilized for sure