Jordan Roy-Byrne

Jordan skriver om Sentimentet som  har stigit kraftigt, allt fler blir positiva. Vi ska nog upp lite till innan de är dags för lite paus. Han påminner också att detta är en "recovory" och än så länge inte en "impulsive advance move"  

Procenten på grafen visar "public opinion reading".

"While we believe the rebound has more room to run we have to note the sudden large increase in bullish sentiment. As you can see, public opinion in Silver has surged from only 32% to now 70% bulls. Two months ago only 47% were bulls on Gold. Now its 70%. Commercial short positions have increased by a similar degree. In Silver, commercials are now short 38K contracts, which is a large increase over 23K contracts from two weeks earlier. In the same period, the net short position of commercials in Gold increased from 140K contracts to over 200K contracts. Again, Gold and Silver have more room to rebound but be wary of the increase in bullish sentiment and overhead resistance levels."

"In addition, one should understand that precious metals markets are in recovery mode and not impulsive advance mode. There is a long way to go before the next major breakout. These markets will have to grind through the supply created from the previous downturn."