goldsilverworlds.com / By Mountain Vision / March 14, 2013
As of late, the news on gold and silver has been more than bearish. The extensive mainstream gold obituary by the likes of Credit Suisse and Goldman Sachs has been highly exaggerated and has resulted in extreme bearishness. The good news for seasoned contrarians: Too bearish is bullish!
The following chart, courtesy of BIL Research, may be a good indicator that markets are currently too bearish on Gold. That is often a good entry point.
Since last October, at BFI, we have hedged our clients’ core holdings in gold. We are now watching gold and silver prices closely, as we get closer to the end of the correction. We expect to lift our hedge very soon.