Jay Kaeppel

Senior research analyst at Sentimentrader; Head Trader of a CTA 1995–2003 (seven consecutive profitable years, per his bio); co-developer of option trading software; 25+ articles in Technical Analysis of Stocks & Commodities. Known for sentiment-based gold work (the “K-Ratio”, gold/XAU miner ratio) and long-standing multi-year gold theses.

As a source

• Frank: Kaeppel “speaks similarly of gold” — the convexity/insurance framing (gold-as-call-option). Verified in spirit across his public writing.
• Librarian note: Kaeppel’s public entry discipline leans sentiment/mean-reversion (buy on pessimist signals / after extended lows, overweight at decade-type bottoms), which sits against a momentum-filter entry. Recorded as the live contradiction on gold-as-call-option; librarian’s own search found a blend (CTA trend background + sentiment entry), so characterize him as contrarian-entry, thesis-long, not purely contrarian.
• Recent public view (his X posts): gold miners over bullion in the years ahead; cautions against premature bullish euphoria calls — watch for survivorship in any gold-king track record: his correct 2000s gold call precedes a hard-to-ignore 2013–2019 drawdown. Verify before leaning.

Related

gold-as-call-option (contradiction record) · dual-momentum · frank’s recollection transcript, raw/transcripts/.