Banro Corp. fka BAA

[baystock1]

SA article along same lines:
http://seekingalpha.com/article/3382295-former-gold-bulls-becoming-bears-does-that-mean-gold-has-reached-a-bottom

Conclusion for Investors

When it comes to market sentiment, gold is at the bottom of the barrel as almost everyone is predicting a complete collapse in the gold price and is falling all over each other to predict the new and lowest price for gold. The exact opposite of what they were doing in 2011 as almost everyone expected a $2000 gold price.

What does that mean? Well, the majority of these forecasters calling for lower gold are probably already positioned for it, and the fact that gold interest is rising, suggests that most of these people are not only out of gold, but are shorting gold. It doesn't mean the gold price cannot fall further as shorts pile on, but at a certain point there will simply be no more fuel for the selling - that's when you get the bottom and the turnaround.

Not to mention that gold has quite a few strong fundamental factors pushing it including the fact that gold reserves at the major miners have been falling, money supply as measured by the Federal Reserve is still growing, Chinese and Indian investors continue to firmly buy gold, and perhaps the most important, US and world debt levels have grown significantly since 2008 - we do not think that is going to end well especially if interest rates start to rise.

So gold investors should take some solace in the fact that the same prognosticators calling for the end of gold are the same ones that called for $2000 and $5000 gold when gold was rising - they were dead wrong then and they may be dead wrong now. Gold has truly become a contrarian trade and we think it's a no-brainer for long-term investors (i.e. who have horizons greater than one year) to build up positions