Sentiment At Extremes

Tuesday, August 16th, 2011 | Filed under Money | Podcast Guest:

Podcast: Download (Duration: 15:40 — 10.8MB)

From the “death cross” to the VIX, markets nervous.

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4 Comments for “Sentiment At Extremes”

  1. online portfolio
    Aug 16th - 7:43 pm
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    Wonderful, keep it up thanks.

    Reply
  2. Brad
    Aug 17th - 6:51 am
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    normally. I would agree with your charts. I think this time its alittle different for Gold.
    I do not see Gold dropping much below the Gap UP at 1660. This time its not just a USA market, Its global. and Its a global depression. I think it will off set any larger drop in the future.
    I do like your thinking though.

    Reply
  3. Heidi
    Aug 18th - 1:04 pm
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    If that happens … gold back to the 50 dma .. low $ 1600′s and the gold stocks are in the dump already even with gold up … that’s 2008 all over again . I have no idea why he see’s gold back to $ 1600′s in times like that .
    Usually I find Ross pretty good but this time ?…hmm….and yes, gold is overbought …. could stay for awhile . We will see what happens next .
    As the stomach turns …

    Reply
  4. alex
    Aug 21st - 12:13 pm
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    Gold correction – everyone I subscribe to is “looking” for a correction and like Ross they make a good case. Gold’s 50 day moving average is rising at $5.00 per day, currently $1,610 (August 19, 2011) so by end of this week the gap could close and the 50 day could be hit in round numbers.

    The gap in the GLD ETF is 161.75 to 167.12 and a 6 to 9 day vicious correction could take us there.

    Reference declines by Ross’ calendar years:

    1971 – minus 6.80%
    1972 – minus 12.80%
    1978 – minus 8.20%
    1979 – minus 6.50%
    1993 – minus 17.00%

    Average = 10.26%

    Reply

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