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Its time to pay close attention to silver: Silver reached a multi-year high in October but has since pulled back into the previous range. Some research we initially posted last year suggests the potential for some upside follow-through.

Smart / Dumb Money Confidence

Smart Money Confidence: 35% Dumb Money Confidence: 64%

Risk Levels

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Bonds Crude Oil

Gold Agriculture

Research

Its time to pay close attention to silver By Jay Kaeppel BOTTOM LINE Silver reached a multi-year high in October but has since pulled back into the previous range. Some research we initially posted last year suggests the potential for some upside follow-through. FORECAST / TIMEFRAME None

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Sentiment Risk On / Risk Off Overview

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Indicators at Extremes

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% Showing Pessimism: 7% Bullish for Stocks OEX Open Interest Ratio Rydex Bearish Flow Mutual Fund Flow (no ETFs) CSFB Fear Barometer % Showing Optimism: 47% Bearish for Stocks Smart Money / Dumb Money Confidence Spread ISE Equity Call/Put Ratio NYSE High/Low Ratio Short-term Optimism Index (Optix) Rydex Ratio Rydex Money Market % Smart Money Confidence S&P 500 Down Pressure ISE Call/Put Ratio % Showing Excess Optimism VIX VIX Term Structure Dumb Money Confidence OEX Put/Call Ratio SKEW Index Insider Buy/Sell Seasonally Adj AAII Allocation - Stocks Equity Hedging Index Risk Appetite Index Options Speculation Index LOBO Put/Call Ratio NAAIM Exposure Index AIM (Advisor and Investor Model) Retail Money Market Ratio NYSE Available Cash Mutual Fund Cash Level Equity / Money Market Asset Ratio

Phase Table

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Ranks

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Sentiment Around The World

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Optimism Index Thumbnails

Sector ETF's - 10-Day Moving Average

Country ETF's - 10-Day Moving Average

Bond ETF's - 10-Day Moving Average

Currency ETF's - 5-Day Moving Average

Commodity ETF's - 5-Day Moving Average