“At the end of 2013, the sector with the highest level of pessimism, as measured by SentimenTrader, was the gold industry. It actually registered ‘zero’ in mid-December. Meanwhile, P/E ratios of the 15 largest gold producers are at their lowest level in 14 years, and less than half what they were when the bull market got under way in 2001. The ratio of gold to the S&P 500 Index is currently at 0.66, its lowest level since the market meltdown of 2008. The next chart, from our friend Frank Holmes at US Global Investors, measures gold’s 60-day percent change in standard deviation terms. It shows the metal’s actual gain or loss in relation to its average price change—and it’s never been this low.”
http://www.caseyresearch.com/cdd/contrarians-wildest-dream-coming-true
Tip Freedomwat.ch Staff with Bitcoin