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SPDR Gold Shares Message Board

  • hhh9576 hhh9576 Nov 27, 2013 12:28 PM Flag

    I love the NEGATIVITY!!! Love it!! Pessimism meter = 10.0!!

    Negative pessimism among some of the most ever seen on gold in quite some time!!! Must be something worth looking at then. As a contrarian looking for bargains, I love seeing this incessant negativity on gold. The turn around later will probably be huge as usual for things overly shorted. This reminds me of the recent summer when people were super Bullish on crude oil. The bullish sentiment hit a multi year high during the summer for crude oil, & I was huge lover of DWTI (3x bear). As a contrarian, I'm now also loving this prospect of gold reversal at some point for a "short term trade".
    All of you say what you will, but it is true that pessimism is crazy on gold right now, so it has to make you question being a short of gold at some point. It past to be short today & maybe a little while yet, but when this reverses, watch out!!

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