GoldMinerPulse: Market Sentiment Track Record

Chart for 15 March 2013 market close plus outlook for week ending 22 March 2013.

GoldMinerPulse Market Sentiment (MS) Metric Track Record

15 March 2013 View After Market Close: MS Continuing to Make Multi-year Lows.

The MS trend suggests the current bearish decline is like to contnue while the strong SGE market for physical gold suggests further gold price drops are unlikely to be significant. Since bottoms are always formed around market sentiment lows, and given the strong physical market support, I believe now continues to be a reasonable time to add to physical gold holdings and for additional leverage to add to gold and silver producer equitites (this is opinion and not investment advise). When the MS trend does turn up, I believe current gold and silver equity prices will be viewed as recognized as great bargains.

The key metric to watch for next week is the price premium and daily delivery quantities for gold on the SGE. The key event to watch is the gold market reaction to the unfolding of events in Cyprus and the looming bank holiday.

TSX Gold Equities Market Sentiment, 15 March 2013


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