When all three cross below 40%, market is bearish. So far we have 1 out of 3.
Tag Archives: GLD
Commitment of traders is indicating that gold is finding some extreme levels of pessimism on behalf of the Commercial Hedgers. In comparison Gold is finding itself in a similar situation to the last time gold found selling pressure back in late October 2015. Take note of the larger than normal spread in traders positions in the graph below. Will it repeat as it did back in Oct?
Looks like it is not very popular to be a bull according to AAII Sentiment readings….