With continued consolidation in both the gold and silver markets, for the second time this week, below is an extremely important update on the gold market that was just issued by SentimenTrader.
From Jason Goepfert at SentimenTrader: “Gold stocks jumped after seeing extreme pessimism. We noted that the Optimism Index on GDXJ dropped below 10 on Wednesday, and on Thursday the stocks rose more than 5%. This provides some confirmation that the uptrend can still generate interest among buyers (see immediate jump in GDXJ Optimism below along with the shares).
The chart and commentary above is from SentimenTrader. To try a free 14-day trial of the internationally acclaimed work that Jason Goepfert produces at SentimenTrader simply CLICK HERE.
***Also Just Released: Top Analyst Says Silver Headed To New All-Time Highs Along With Gold, Plus 2 Remarkable Charts Click Here.
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