Counting Gold Longs as Sentiment Bulls

Posted by

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. Conference commented on Apr 01

    Conference

    […]Wonderful story, reckoned we could combine a handful of unrelated data, nonetheless definitely worth taking a look, whoa did a single find out about Mid East has got more problerms at the same time […]

  2. Bullet Sex Toy commented on Apr 01

    Bullet Sex Toy

    […]usually posts some incredibly intriguing stuff like this. If you’re new to this site[…]

  3. slovar dalya commented on Apr 02

    slovar dalya

    […]very couple of web-sites that transpire to become detailed beneath, from our point of view are undoubtedly well worth checking out[…]

  4. High Heels Shoes commented on Apr 02

    High Heels Shoes

    […]always a large fan of linking to bloggers that I appreciate but really don’t get a great deal of link appreciate from[…]

  5. dīvānu tīrīšanas serviss commented on Apr 02

    dīvānu tīrīšanas serviss

    […]that would be the end of this article. Here you’ll discover some websites that we feel you’ll enjoy, just click the hyperlinks over[…]

  6. xianxia novel commented on Apr 02

    xianxia novel

    […]the time to study or take a look at the content or websites we have linked to below the[…]

  7. butterfly kiss vibe commented on Apr 03

    butterfly kiss vibe

    […]below you will discover the link to some web-sites that we assume you must visit[…]

  8. Face cream with snow algae. commented on Apr 03

    Face cream with snow algae.

    […]that would be the finish of this report. Right here you will uncover some web sites that we feel you will appreciate, just click the hyperlinks over[…]

  9. my first dildo commented on Apr 03

    my first dildo

    […]that would be the finish of this post. Right here you’ll come across some web sites that we believe you’ll value, just click the hyperlinks over[…]

  10. 100% pure kona coffee beans commented on Apr 03

    100% pure kona coffee beans

    […]please go to the internet sites we comply with, like this one, because it represents our picks from the web[…]

  11. travel news commented on Apr 04

    travel news

    […]check below, are some entirely unrelated sites to ours, having said that, they may be most trustworthy sources that we use[…]

  12. best traditional healer in Limpopo commented on Apr 04

    best traditional healer in Limpopo

    […]that may be the end of this write-up. Here you will come across some sites that we feel you’ll value, just click the links over[…]

  13. công dụng sữa bột ensure commented on Apr 04

    công dụng sữa bột ensure

    […]the time to read or visit the subject material or web sites we’ve linked to beneath the[…]

  14. kakoy zavtra prazdnik commented on Apr 04

    kakoy zavtra prazdnik

    […]the time to read or go to the material or internet sites we’ve linked to below the[…]

HowIInvestMyMoney