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On-Balance-Volume (OBV) started heading lower & diverged from GLD at (1) and Gold prices soon followed the insider selling pressure to the downside.
Now OBV is creating a series of lower highs, while GLD is creating higher lows at (2). Are insiders suggesting that GLD will trade lower for a while in the near future?
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Jason, Sentiment a little high, yet not off the scale bullish, both reflect 65% bulls at this time.
Maker, members shorted Silver at the top of the channel. Been a dead trade (no gain or loss) so far, as Silver is near the top of the channel again.
C
Curious to see what Sentiment is. My assumption is that it is quite high given the absolute skyrocket demand for physical of recent.
If feels so right to be buyers of gold right now.
Hey Chris,
This seems to fit with your thoughts on the SLV pattern several weeks ago as well. You still thinking SLV is on it’s way down, or have the patterns thrown a couple curves at you?