Two Sentiment Pictures

First is a view of the near all-in state of the average mutual fund. And this is before the most recent surge higher, as the data are delayed by a month.

These two charts can be found any time you want in the public charts list linked above.

First is a view of the near all-in state of the average mutual fund.  And  this is before the most recent surge higher, as the data are delayed by a month.  As with sentiment indicators reviewed weekly in NFTRH, this is a picture of an ingredient that is properly configured for a market top or correction, but not necessarily an indicator of one.  A correction or bear market is coming, with only the timing at issue.  Risk is rising with every surge higher.

fund.cash

Meanwhile, the hatred of gold and silver continues unabated.  Unbelievably, there have been times when people fell all over themselves to buy metal in Central Fund’s vaults for 20% and even 30% premiums.  Now they will not even accept a 5% discount.

cef

STOCKS IN THIS ARTICLE

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