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.


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:

Please see disclosures here.

What's been said:

Discussions found on the web
  1. SprinkleCoin ICO commented on Sep 19

    SprinkleCoin ICO

    […]Here are a few of the web-sites we suggest for our visitors[…]

  2. earn gold commented on Sep 19

    earn gold

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

  3. خرید vpn commented on Sep 19

    vpn ایفون

    we came throughout a cool website that you just could perhaps delight in. Take a appear in situation you want

  4. خرید اکانت وی پی ان commented on Sep 20

    vpn ایفون

    Great story, reckoned we could combine several unrelated data, nonetheless really genuinely well worth getting a research, whoa did 1 certain grasp about Mid East has got a great deal far more problerms also

  5. Web development services commented on Sep 20

    Web development services

    […]below you will obtain the link to some web pages that we think you need to visit[…]

  6. خرید وی پی ان پر سرعت commented on Sep 20

    vpn ایفون

    Wonderful website! I found it whilst searching on Yahoo Information. Do you have any guidelines on how to get outlined in Yahoo Information? I have been making an attempt for a while but I in no way seem to get there! Thank you

  7. سرویس vpn commented on Sep 21

    vpn ایفون

    The knowledge mentioned within the report are some of the most successful obtainable.

  8. خرید vpn برای آیفون commented on Sep 22

    vpn ایفون

    Fantastic blog! I found it even though surfing close to on Yahoo News. Do you have any recommendations on how to get shown in Yahoo Information? I have been attempting for a even though but I never look to get there! Cheers

  9. windmill-nacelle-trailer commented on Sep 22


    […]just beneath, are various totally not connected web sites to ours, nevertheless, they’re surely worth going over[…]

  10. سرویس وی پی ان commented on Sep 23

    vpn ایفون

    Greetings from Florida! I’m bored to dying at operate so I determined to examine out your website on my iphone throughout lunch split. I appreciate the information you offer here and cannot wait around to consider a seem when I get property. I’m surpri…

  11. free online games commented on Sep 23

    free online games

    […]usually posts some incredibly fascinating stuff like this. If you are new to this site[…]

  12. iPad remonts commented on Sep 23

    iPad remonts

    […]Here are a number of the sites we suggest for our visitors[…]

  13. fashion commented on Sep 23


    […]very couple of web-sites that transpire to be in depth beneath, from our point of view are undoubtedly properly worth checking out[…]

  14. sub prime loans commented on Sep 24

    sub prime loans

    […]The information and facts talked about inside the write-up are some of the best readily available […]

  15. commented on Dec 06

    […] секс порно смотреть турецкая секс видео бесплатно порно старых турецких женщин онлайн смотреть турецкое […]