Excessive Bullishness Toward Gold Points to a Retreat
Sentiment extremes, regardless of whether they’re bullish or bearish, invariably point to a readjustment in prices. This undeniable truth applies to all asset classes in all time frames. Nothing is immune to the forces of crowd behavior. (See Beanie Babies and Pokemon cards) On Jan.23, 2015 the Wall Street Journal declared “Buyers Take a Shine to Metals Again.” When …
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