from King World News
With continued consolidation in both the gold and silver markets, for the second time this week, below is an extremely important update on the gold market that was just issued by SentimenTrader.
From Jason Goepfert at SentimenTrader: “Gold stocks jumped after seeing extreme pessimism. We noted that the Optimism Index on GDXJ dropped below 10 on Wednesday, and on Thursday the stocks rose more than 5%. This provides some confirmation that the uptrend can still generate interest among buyers (see immediate jump in GDXJ Optimism below along with the shares).