Thanks for Dan Eric for this chart.
Thanks to SentimenTrader for the data for this chart.
As can be seen the public has been sucked into buying Silver.
We are at an extreme now.
Extreme dollar bearishness.
Reminds me of Mar 08 , Nov 09 , Nov 10 last year.
They said the same thing - DOLLAR WILL COLLAPSE ETC ETC.
Nothing happened - USD just bounced off.
Expect the same to happen when the USD bottoms sometime between now and June/July.
I cant seem to see any bears on the horizon amongst Institutional Investors.
Lowest level since Oct 07 has been recorded.
This is not the time to be buying stocks now.
Bull Ratio
Ratio of bulls amongst bears+ bulls combined.
At a multi year high - currently stands at 77% - even above the 2007 peak.
SPX was above 1500 in 2007 and now stands at 1330.
We can see the same in OIL as well.
In my view if one could structure an long term option trade -
It would be great to buy put options on
Silver
Oil
SPX
Call options on DXY is US Dollar.
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