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[kboos] 05/9/2019 09:22

hxxps://www.ig.com/uk/commodities/markets-commodities/gold

IG client sentiment 59% of IG gold trades are long. That's a long way off from 94%

[bigglesbingham] 05/9/2019 09:17

Have you ever heard statement past performance is no guarantee of future performance. ?? This is because so many external factors influence prices at different times.

[bigglesbingham] 05/9/2019 09:14

You becoming boring

[charles clore] 05/9/2019 09:09

georgethefourth4 Sep '19 - 22:35 - 16578 of 16587
2tyke - got a link to a chart with it on?

Notice how he completely ignored that one? Should be simple enough to post a link, one would think.

[shortarm] 05/9/2019 09:04

Does it even matter here where costs are 400 dollars an ounce for three quarters of the year?

[2tyke] 05/9/2019 09:03

Whenever there have been less than 10% gold bulls, gold has gone on to soar higher.
Whenever there have been over 90% gold bulls, it has started a major price slump shortly after. Will it be different this time ?

[shortarm] 05/9/2019 09:00

Did anybody ever find out what 2tyke actually wants here?Solid if slow buying here for the last couple of days....Waiting for more of these :-)Highest grades ever recorded from the Kiziltepe deposit including: 12.1m @ 13.1 g/t Au + 187.6 g/t Ag (16.5 g/t Au equiv.) including 3.2m @ 38.7 g/t Au + 511 g/t Ag (48.0 g/t Au equiv.) and including 1m @ 65.9 g/t Au + 760 g/t Ag (79.7 g/t Au equiv.)

[thanksamillion] 05/9/2019 08:43

I was content with the prospects for AAU when gold was $1400/1300 and $1200 so for me pog is a side issue. Much more interesting to follow the drilling results.

[jc2706] 05/9/2019 08:38

I didn't say that there weren't any facts on which you are basing your opinion but it is opinion nevertheless. For the record, I believe that gold is due a pullback. Where I differ is that I believe that this pullback is likely to be corrective within a gold bull market. Of course, I could be wrong as these things are not certainties.

[2tyke] 05/9/2019 08:31

JC
I'm actually suppporting my view with factual data. This is data which has always resulted in the same consequence for the asset.
This is completely different to the pure suppposition and bias of pure opinion expressed by the regular posters.
For example, the view that gold is likely to make new highs because of the melt-down of fiat currency or because of trade wars has no support from hard evidence, and so is pure speculation.

[soulsauce] 05/9/2019 08:20

Sorry JD. 🙄

[jc2706] 05/9/2019 07:35

Always fascinating when people express opinion as fact. As I said previously, the COT report is a useful tool but should be utilised with caution.

[jaynesdad] 05/9/2019 00:12

Nice one Soul!

[georgethefourth] 04/9/2019 22:35

2tyke - got a link to a chart with it on?

[2tyke] 04/9/2019 21:58

George
The daily sentiment index.
Gold bulls at the top in 2011 was 91.2%.
It's more than that now.
Money managers and large speculators are carrying record long futures contracts.
Bear in mind that this is the 'mug money'.

Gold is very close to a major top.
But, don't think it can't spike higher yet....it can, and probably will. It's running red hot currently.

What does that mean ?.....beware !

[charles clore] 04/9/2019 20:53

Worth a read, courtesy of snurkle on the silver thread

[georgethefourth] 04/9/2019 20:46

2tyke - where are you getting your information regarding this 94% figure? It doesn't feel anywhere near as bullish compared to the last peak

[shortarm] 04/9/2019 19:53

P.S. No offence obviously- just an observation :-)

[2tyke] 04/9/2019 19:46

Soul

I've already told you.

As expected, gold has now bettered the previous high at $1554.
It's perfectly on track to top out in the $1590 - $1595 area, as I said the other week.

The number of gold bulls is now at a record. That's further evidence and complete reason to be negative on gold medium and longer term.
As i've said to you previously.....when we have record gold bulls (more than 94%).....everyone who wants to has already acted and taken a position already.

Gold should 'spike' upto the final high. That's what it does, as in 2011.

[brasso3] 04/9/2019 19:10

I think its the obvious resistance level for gold. There will be sellers across the markets at that level and it would be a nice area for some consolidation.

[charles clore] 04/9/2019 18:53

I like the optimism on this thread. imho We are very much in the right place at the right time and I don't think gold will stop at $1900!

[brasso3] 04/9/2019 18:44

I cannot see how anyone can be negative on gold in the medium/ long term. I will be in deep until $1900/ oz.

[soulsauce] 04/9/2019 18:40

May be 2tyke can tell us where it's heading 😉

[nov31] 04/9/2019 18:23

$1,553 and rising!