SentimenTrader Says Extremes Are Now Starting To Register In The Gold Market / November 30, 2016

With continued uncertainty in both the gold and silver markets, SentimenTrader is saying that there are extremes starting to register in the gold market.

From Jason Goepfert at SentimenTrader:  “Extremes are starting to register in gold. Most of our longer-term measures that focus on the metal itself are still a ways from showing pessimism (the gold Optimism Index is only 43, far from the low 20s from last year)…

On a shorter- term basis, though, the GLD fund has had a persistently low Optimism Index (see excessive pessimism reading below).