An Overview of Current Sentiment Levels
This sentiment overview was sent to me by Rick Bensignor a relatively new guest to the show and editor of the Bensignor Investment Strategies newsletter. His newsletter is more of an institutional letter but the themes remain the same for everyone.
As Rick notes figures above 84% bulls or beneath 16% bulls are considered extreme.
Remember sentiment very much follows markets but can tell us when we are at extremes. Right now we are seeing very few markets at extreme bullish or bearish levels which could continue in a muddle along fashion for the year. Simply just some food for thought 😉 I’m curious as to what all of you think about any of the markets outlined below.
These levels are all as of last Friday’s Close.
If you want any additional information on Rick’s newsletter please email me and I will put you in touch with him.
If the Kitco numbers are accurate for palladium it was up $75 at one point today. And yesterday’s dsi was a record setting 96. Look for a crash starting immediately.
On January 16, 2019 at 8:33 am,
OOTB Jerry says:
Wake up Call from Jensen…….good interview…..start about 5min mark
Palladium ……Jensen https://www.youtube.com/watch?v=obce3nZ_pV8
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On January 16, 2019 at 8:33 am,
OOTB Jerry says:
Palladium SHORTAGE……..
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Rather than a SHORTAGE………maybe a Short is in order
At every top there are 100 reasons to buy, at every bottom there are 100 reasons to sell. That’s what makes them tops and bottoms.
Extremes of emotion mark every turning point. When a commodity is up 20% on the day, every short just got margined out. Now we are out of buyers. It’s a top.
Great Point………on the shorts…………..jmo
btw………..I am posting your great comments in another section for some , who may miss your valid point(s)
Just for those who don’t understand sentiment, on Jan 16th and Jan 17 the DSI on palladium got to 96. The 17th did turn out to be the high and palladium is down from $1395 to $1333 in 24 hours as I write
On January 16, 2019 at 4:52 am,
OOTB Jerry says:
KIND of A BIG Deal………………..Gold Prices hit All Time… HIGH in 72 CURRENCIES……….
https://www.zerohedge.com/news/2019-01-15/gold-hits-all-time-high-72-currencies
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On January 16, 2019 at 4:53 am,
OOTB Jerry says:
Coming this way………real soon……….JMO
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On January 16, 2019 at 4:56 am,
OOTB Jerry says:
Using the dollar gold price, as most of us do, has disguised what is actually quite a powerful bull market.
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