Counting Gold Longs as Sentiment Bulls

We certainly ain’t gonna solve the debate about the usefulness of sentiment surveys here today…but Erik at Market Anthropology asks an interesting question about how we’re reading them:

If the Investor Intelligence survey of the previous week found only 15.7% of advisors were bearish, and yet the majority of those advisors were still riding the strongest market sector, that just happens to be the bearish safehaven of gold and silver – isn’t it misrepresenting the underlying market sentiment?

Is being bullish on gold and silver, which to a man almost every long investor and trader is, a sign of overall bullishness in the traditional sense?  Is the survey meant to record gold longs as “bulls”?

Once again, the Fed-induced, liquidity-driven rally forces us to reinterpret yet another distortion of the old rules of engagement.

Source:

Winning (Market Anthropology)

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. coffee machines commented on Jan 19

    coffee machines

    […]Wonderful story, reckoned we could combine a couple of unrelated information, nonetheless truly worth taking a appear, whoa did one find out about Mid East has got extra problerms as well […]

  2. کولر صنعتی commented on Jan 19

    کولر صنعتی

    Howdy there! Do you know if they make any plugins to support with Research Motor Optimization? I’m trying to get my blog to rank for some focused keywords and phrases but I’m not observing really excellent final results. If you know of any make sure yo…

  3. philippines woman printed blouse supplier commented on Jan 20

    philippines woman printed blouse supplier

    […]although websites we backlink to beneath are considerably not associated to ours, we really feel they’re really really worth a go via, so possess a look[…]

  4. خرید اکانت vpn commented on Jan 20

    خرید vpn

    Just beneath, are a good deal of absolutely not relevant internet internet sites to ours, nevertheless, they may be certainly really worth heading more than.

  5. خرید vpn پرسرعت commented on Jan 20

    خرید vpn

    we came across a great web site that you just could probably delight in. Take a appear in scenario you want

  6. خرید کریو ویندوز commented on Jan 20

    خرید کریو

    Do you have a spam difficulty on this weblog I also am a blogger, and I was curious about your predicament numerous of us have created some wonderful practices and we are hunting to trade techniques with others, why not shoot me an e-mail if fascinated…

  7. خرید vpn commented on Jan 20

    خرید vpn

    though websites we backlink to beneath are substantially not relevant to ours, we feel they are really really worth a go through, so have a seem

  8. خرید اکانت vpn commented on Jan 21

    خرید vpn

    I know this if off subject matter but I’m seeking into commencing my personal weblog and was curious what all is required to get established up? I’m assuming getting a site like yours would price a fairly penny? I’m not really internet savvy so I’m not…

  9. خرید vpn کامپیوتر commented on Jan 21

    خرید کریو

    we came across a awesome website that you just could probably delight in. Just take a search in case you want

  10. خرید کریو commented on Jan 21

    خرید vpn

    Wonderful website! Is your topic custom made manufactured or did you down load it from someplace? A style like yours with a number of simple adjustements would really make my website stand out. Please let me know where you got your style. Bless you

  11. خرید vpn پرسرعت commented on Jan 23

    خرید vpn

    Hiya! Swift question that’s entirely off subject. Do you know how to make your website mobile helpful? My site seems weird when viewing from my apple apple iphone. I’m striving to find a topic or plugin that may possibly be in a position to correct thi…

  12. خرید کولر صنعتی commented on Jan 23

    خرید کولر صنعتی

    I’m truly taking pleasure in the layout and format of your site. It’s a extremely effortless on the eyes which tends to make it much far more nice for me to come right here and visit far more frequently. Did you employ out a developer to generate your…

  13. Is InsideHackerz.com Legit commented on Jan 23

    Is InsideHackerz.com Legit

    […]check beneath, are some completely unrelated internet sites to ours, however, they may be most trustworthy sources that we use[…]

  14. click here to find out more commented on Jan 23

    click here to find out more

    […]very handful of sites that take place to be detailed beneath, from our point of view are undoubtedly effectively really worth checking out[…]

  15. Little China von little Lunch commented on Jan 24

    Little China von little Lunch

    […]here are some links to internet sites that we link to mainly because we consider they may be really worth visiting[…]