No One Cares About Investing in Gold Right Now
The Daily Gold, Released on 5/9/23
In this video we take a look at some sentiment indicators that reveal that bullish sentiment in Gold is below where it should be. In particular the number of stories on Gold is much closer to lows than the highs of 2020 & 2022. Also, ETF holdings in Gold and Silver remain around the October 2022 lows. This is encouraging because it reflects a lack of interest in the precious metals sector. However, if and when Gold breaks to the upside, interest and bullish sentiment will jump accordingly.
Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets.
No One Cares About Investing in Gold Right Now added by Herman James on 05/09/2023View all posts by Herman James ?+'