Market Indicators
Proprietary analytics for gold and commodity markets
Fear & Greed Index
Fear & Greed Index
Composite market sentiment indicator
62
Greed
out of 100
Component Breakdown
Fear & Greed vs Gold Price
Overlay chart for backtesting indicator accuracy
Methodology
The Fear & Greed Index is calculated every 12 hours using five equally-weighted components:
- Momentum: Gold price relative to 50-day moving average
- Volatility: 20-day rolling volatility (inverted - low volatility = greed)
- Gold/Silver Ratio: Flight-to-quality measure (high ratio = fear)
- Mining Leverage: GDX/Gold ratio indicating risk appetite
- Real Rates: 10Y Treasury minus CPI (negative rates = bullish for gold)
Historical data is backfilled daily to enable backtesting against gold price movements. All calculations use point-in-time data to maintain backtest integrity.
Other Indicators
Gold Market Sentiment Index
Above average participation
Composite measure of participation extremes in gold markets
Mining Leverage Index
Near historical average
GDX/Gold ratio normalized to historical percentile
Mining Speculation Index
Elevated speculation in juniors
GDXJ/GDX ratio measuring speculative appetite
Mining Cost Stress Index
Low cost pressure - favorable margins
Oil/Gold ratio indicating margin pressure on producers
Macro Regime Classification
Current economic environment classification
Reflation: Rising growth expectations with moderate inflation. Typically favorable for risk assets including mining stocks. Gold may underperform miners in this environment.