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Hulbert Gold Sentiment Indicator

Posted by trendsman on Wednesday, April 1st, 2009

From Market Watch

Consider the Hulbert Gold Newsletter Sentiment Index (HGNSI), which reflects the average recommended gold-market exposure among a subset of short-term gold timing newsletters tracked by the Hulbert Financial Digest. As of March 30, the HGNSI stood at 30.2%.

Two weeks ago, in contrast, it stood at minus 16.5%. So, in just ten trading sessions, during which gold bullion on balance went nowhere, the editor of the average short-term gold timing newsletter has increased his average recommended exposure level by nearly 47 percentage points.

Comment :

We just finished an editorial looking at gold sentiment and will have it up here later. Gold sentiment is not extended but it needs to move towards neutral before the yellow metal can sustain a big move through $1,000/oz.

 

 

More on this topic (What's this?)
Put Gold Where Your Mouth Is (Investment U, 4/6/09)
Shorting Gold: 8 More Signs Gold is Overdue for a Correction (Contrarian Profits, 3/9/09)
There’s No Place Like Gold (Contrarian Profits, 3/18/09)
Read more on Gold at Wikinvest

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