Sunday 10 July 2011

SENTIMENT INDICATORS ON SILVER

PLS SEE CHARTS BELOW FROM SENTIMENTRADER

SILVER

COT - COMMITTMENT OF TRADERS
PO - PUBLIC OPINION

1 - COT SILVER


WE SHOULD LOOK AT MIDDLE PORTION OF CHART
THIS IS THE PROXY FOR HF ACTIVITY
THEY ARE THE LARGE SPECULATORS
IT CAN BE SEEN THAT EXTREME BULLISHNESS ON SILVER HAS SUBSIDED

2 - PO SILVER

THIS IS A GREAT CHART
LOOK AT PUBLIC OPINION ON SILVER
IT WAS AT ITS PEAK EVER WHEN SILVER WAS AT 49
THEN SILVER CRASHED FROM 49 TO 33
SAME WITH PUBLIC OPINION ON SILVER
IT CRASHED TOO
NOW WE ARE CLOSE TO LOWS SEEN IN END OF 2008 AND SILVER IS STILL AT 35
IF WE SEE A MOVE IN SILVER TO 40 - THIS CHART WILL RISE TOO
BUT THEN AS SILVER CRASHES TO 20 ISH - WE WILL SEE THIS BLUE LINE COLLAPSE
AS OF NOW - WE CANT SEE ANY CRAZY BULLISH NESS ON SILVER
PUBLIC HAS LOST ITS LOVE FOR SILVER

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