4/3/2015 – The sentiment towards gold remains at very low readings. It currently stands at 26 (on a scale from 0 to 100). Readings below 30 indicate extreme pessimism.
Intuitively, this seems to make sense, because precious metals prices and miners are beaten down in the last 3 years. Admittedly, this is one of the worst corrections in the last decades (since gold started trading freely), and there is almost no sign of life in gold and silver since the price crash in April and June of 2013.
But under the hood we can observe another picture. Case in point: the price of gold in several other major currencies is showing very bullish setups… read more