Jeff Clark included a bit of self-promotion, but he does make the point that the sentiment indicator which highlights his Stockhouse.com article is at a low level. The Gold Miners' Percentage Bullish Index sunk below 20 earlier this month, from Feb. 4th to Feb. 8th, at the time when gold itself had plummeted below $1,050. That sub-20 level, the Index hasn't been at since December of 2008.
Since then, gold has risen quite a bit but the Bullish Index hasn't. As of yesterday, it was 22.58.
Naturally, Clark recommends buying gold stocks at this level.
(If you want to follow the Index yourself, Stockcharts.com has it charted here.)
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Which gold co's do you recommend?
ReplyDeleteI am interested in Jr miners/explorers that are bargains now but set to explode.
I bought Orezone 15mos ago and it was bought by IAG.Great investment!
Feel free to email me-
ptrschssl@gmail.com
Peter
I'm actually barred from making specific recommendations by Ontario securities laws. In Ontario, you have to be registered as an investment advisor before making any recommendation. I can talk about exploration stocks in (say) a forum, or in a general-interest venue, but not in a specialized blog like this one.
ReplyDeleteI'm sure the regs are more lenient in the United States. Where I live, though, someone can't set up shop as an investment advisor without the relevant qualifications and experience.
Congratulations on Orezone.