sentiment for gold and pm shares are very extreme. the number of people bullish mining shares is at rock bottom. open interest in gold is also at rock bottom.
if i had money to buy, i'd be buying right now.
I kind of agree. Maybe one last flush?
Maybe when the climbs of US interest rates and US$ ends, then gold will find some support. The DXY could rise up to 112 if europe keeps clowning around. US grains are not immune to currency exchange rates either.