In terms of silver’s investment demand, the bullish metric at Sentimenttrader.com is currently at 39 percent. This is a low point that has not been seen since the mid-1990's.
Furthermore, The Hulbert Gold Stock Newsletter Index or HGNSI recently fell to a new low of 43.8 percent, which is a record by a long shot. What that low reading indicates is that, of the stock newsletters that include coverage of mining stocks, 43.8 percent of them are now recommending short positions in gold stocks.
If these indicators are not yet signaling a bottom in precious metal prices, it really has to be close.
These lows are further exacerbated by undervalued market prices that are pushing suppliers of precious metals to sell their stocks below the current cost of production, there by resulting in further destruction of an already devastated mining sector.
Read more: Moving out of the Dollar into Gold and Silver | Trading Tips Expert
MCX Tips | trading tips | www.sharetipsexpert.com
Furthermore, The Hulbert Gold Stock Newsletter Index or HGNSI recently fell to a new low of 43.8 percent, which is a record by a long shot. What that low reading indicates is that, of the stock newsletters that include coverage of mining stocks, 43.8 percent of them are now recommending short positions in gold stocks.
If these indicators are not yet signaling a bottom in precious metal prices, it really has to be close.
These lows are further exacerbated by undervalued market prices that are pushing suppliers of precious metals to sell their stocks below the current cost of production, there by resulting in further destruction of an already devastated mining sector.
Read more: Moving out of the Dollar into Gold and Silver | Trading Tips Expert
MCX Tips | trading tips | www.sharetipsexpert.com
