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GoldAlert.com reports that bullish sentiment towards gold prices has hit its lowest levels in 19 months: Bullish sentiment toward the gold price continues to drop, evidenced by the current 60% Market Vane Bullish Consensus reading on gold. This is the lowest level since December 9, 2008 – a few weeks after the gold price plunged […]
Could the re-emergence of Mr. T be the mother of all sell signals for gold? Kevin Depew, Editor-in-Chief of Minyanville, explored the “Mr. T Gold Indicator” in a wonderfully written – and hysterical – article: The Mr. T Gold Indicator is a proprietary technical indicator created by Minyanville to identify and anticipate prospective exhaustion points […]
At least in the near term, investors may be wise to be a little wary of gold. Reason #71: Abu Dhabi has opened a gold bar vending machine! From Bloomberg: Abu Dhabi’s Emirates Palace hotel opened a vending machine that dispenses gold bars, making the United Arab Emirates the first country outside Germany to install […]
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