Gold, after the measures of sentiments, here is the technical view

After my last article where I was showing that the positive sentiments on gold were at the lowest, here is a new comment on the technical reality.

As the sentiments are at the lowest, the contributors are playing their feelings on the metal and are taking positions in the way of their own anticipations, this seems totally logical !

It generates sometime exaggerations and induces Buy or Sell signals.

It sends us backward to past situations.

First of all the graphs:

Hedge Funds are now short !

The commitments of traders (COT)

explanations here : https://en.wikipedia.org/wiki/Commitments_of_Traders

And non-commercials going into negative zone too

And comparison with the GLD’s behaviour (SPDR Gold Shares) ETF sur l’or : https://en.wikipedia.org/wiki/SPDR_Gold_Shares

And especially the percentage bulls on mines

Conclusion – if History can teach anything to us – the last time when the net short on gold were like this was in 2001 and what happened to gold ?

 

For those who are positive on gold and mines and interested (do your own due diligence) in a stock (developer), I have a stock which can be a very good play for the next rebound

(If you would like to contact me to know more about this company, feel free: stock@crottaz-finance.ch

Happy investing

You can follow me on twitter : https://twitter.com/crofin67

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Audio/Vidéo: le test de la limite

Sur la Radio Suisse Romande ce matin:

En septembre 2011, la Banque Nationale Suisse (BNS) prenait la décision historique de fixer un taux plancher de 1 franc 20 pour un euro. La décision est risquée. Certains analystes prédisent notamment que les hedge funds vont tester cette limite et tenter de faire sauter ce plancher. L’interview de Michel Dominicé, gérant d’un hedge fund à Genève

A retenir: Crédibilité, pas de temps d’agir pour la BNS en cas de problème de la zone euro, la Suisse s’en remet à la zone Euro, la taxe “Tobin” une très mauvaise idée, les taxe doivent frapper équitablement l’économie, les banques françaises inquiètent, l’effet domino.

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Je suis d’accord avec ce qui est dit (et je l’ai écrit sans être gérant de Hedge Funds), la limite EUR/CHF va être testée par le marché et encore plus si la BNS ose monter le plancher au dessus des 1.20 CHF pour 1 EUR.

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