Look at CFTC commitments of traders. Producers are heavily short gold futures contracts whereas money managers are heavily long. This is the most bullish reliable indicator you can find. As prices start to move higher again, producers start to reduce their short, which will boost prices much further up.

And what if Money managers start to reduce their longs at that time?
http://goldbugspray.blogspo...

Facebook: P/E 43
Chipolte: P/E 144
Netflix: P/E 200
Tesla: P/E n.a. (no earnings......)

Got any Viceroy Tulip Bulbs...........?

US Public Debt: +$20 Trillion and growing at 2.5% annually
US GDP: $18.56 Trillion and growing at 0.7% annualized.

Gold overvalued at $1,265 per ounce.....?

What am I missing here.........?

Extraordinary Popular Delusions and The Madness of The Crowds.........

Nobody has ever fought a war over a social media posts, a burrito, fantasy of a world filed with electric cars, or an available on-demand TV show.

At least not yet.............

WOAH what a big load of crap.

Yes, they will sell it's gold reserves and buy rubles. Or turkeys assets.

Author believes Trump will make America great again lol

I know of more than one investor who's lost their shirt when relying on charts. Charts may be interesting components, but aren't nearly enough to base decisions on.

I'm no gold bull but shouldn't market supply-demand factors also be considered in predicting gold price? Gaps between demand (particularly strong demand from India and China) and supply (mined + recycling) have been the major structural drivers of gold prices over the past 10+ years. What percentage of demand does "sentiment" account for, and how does this justify $1050 gold? Somewhat irresponsible article to publish.

You miss the point.

Gold isn't like other commodities. The demand IS driven by sentiment and emotions. Industrial demand is only 10 percent of annual supply, 60 percent is jewelry. The rest is investment in various form.

That means 90 percent of annual gold demand is discretionary. An emotional purchase of a luxury commodity, purchased with surplus income. Discretionary purchases are driven by emotions, not necessity.

If you were given the choice, today, of taking:
a) $1mm worth of gold bullion......
b) $1mm worth of Tesla common shares at today's prices.....
What would you take......?
Invest accordingly......

Unfortunately $1m worth of anything is never 'taken'. It is an exchange. there are better things one MAY think to invest in than gold.

China and Russia et. al., aren't getting emotional about the gold they're buying. It's a process to displace the dollar. Sentiment is an idea to distract from long term trends.

There are discretionary purchasers but there are also necessity purchasers. The necessity to preserve ones wealth is more intellect driven by the large purchasers & maybe more emotionally driven by the smaller 'late' purchasers, whereby they are driven by fear not greed. We are not there yet. The intellect driven purchasers are still accumulating & since the start of the bull market in 2000 we have not yet been driven by fear purchasers.

Sensible analysts have written this.... Good to have access to such different opinions. What would SENTIX have to gain by lies?
Often in the mining world we see somewhat ridiculous optimistic forecasts driven by those who will benefit from a positive change in the gold price.
E.g. http://www.mining.com/ecuad...
Why is this 'irresponsible', unless you don't WANT to hear this and your life depends on people not thinking like this?
Sentiment accounts for a lot! Ask my wife! Good on SENTIX.

They gleaned their data from polling results.

".....by surveying more than 4,500 institutional and private investors."

Equity fund managers generally don't invest in the commodity / PM space, many of whom feel Tesla common is a bargain at current prices.........

When the HURT comes (and it will, always does......) these guys are going to wish they owned gold (and gold miner stocks).

Fed sentiment for Q1 GDP last year was 3.5%. How'd that turn out (.7).

My theory: There is a shortage of real gold in the market which will form the only real protection in the coming collapse. There is a faction trying to panic the current gold holders into selling so they can sop up that gold and transfer the coming losses to the small investors again. I am very suspicious of the motives behind this current promotion of a crash in the gold price.

You must be listening to this idiot then.
http://goldbugspray.blogspo...

Ah you must foolishly believe the large economic players are then benevolent. No the big players believe they are the fittest and the rest of us are meant to be exploited by them. Sound familiar.

Sounds a lot like the chronically incorrect crap spewed by
http://goldbugspray.blogspo...
Wrong every year since 2009

or this guy

http://goldbugspray.blogspo...

Your just the kind of fool the big players love to leave in a pool of your drool....ha, ha, ha

I'm no Goo-Roo! I know the fed will screw U. Bring the price to $1050.00 will be nifty.
I'll know what Santa will bring; alot more than a few GOLD RINGS!

http://goldbugspray.blogspo...

For fans of gary Savage.

https://goldbugspray.blogsp...

Here is the chart with the forecast as shown.

Tentative Bearish Price Objective for the Precious Metal as shown on the chart is at $1045.98.

Further
on Gold.

China - India (Chindia) + Russian central banks scoop entire world production of Au - gold. It is national policy of China and Russia + historic obsession of Indian people not to trust government. Neither should you in your respective country.
The difference is supplied by western banking system to support low gold price.
Largest gold physical exchanges established last 5 years are in Asia.
Gold paper Ponzy schema being plaid in the west primarily COMEX and London to manipulate such price.
Why US federal reserve has trading desk and receives discount trading price from CME.

For now east is getting their physical gold at low price and west is holding price down to keep their dying overprinted currencies (monopoly paper) look good.
This equilibrium can be broken at any time by the east simply repricing gold price higher or demanding more gold which west can not deliver.
Publisher of this story expresses opinion of paper pushers like Amazon shares not shares of gold mining industry and not physical gold buyers opinions.