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Non-Tech : The Woodshed
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To: blind-geezer who wrote (6777)5/12/2004 3:25:19 PM
From: steve susko  Read Replies (1) of 60903
 
hope this guys is right ... shall see

Date: Wed May 12 2004 15:10
trotsky (bullish consensus) ID#377387:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
gold futures advisors bullish consensus on gold is now below 10%, at 9.8%. that's almost 4 percentage points LOWER than at the absolute price lows in '99 and '01 ( 13.4 and 21% respectively ) . it's nothing short of amazing actually, considering that the price correction wasn't really all that big so far. it's also a bullish divergence. note also, the only instance that i recall of a consensus below 10% was in propane in late '98. it subsequently rallied from about 20 cents to almost 90 cents per gallon over the next 2 years.
Sinclair's fantasies are beginning to look more credible in light of this...
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