Mark Hulbert Reports Despite Gold’s Run-up, Sentiment is Subdued

By on September 6, 2009

Mark Hulbert measures investor sentiment towards gold via his Hulbert Gold Newsletter Sentiment Index (HGNSI). It measures the average recommended gold market exposure among a subset of short-term gold timing services. HGNSI currently stands at 25.2% which is historically on the low side. This is a little surprising given the recent inflation in the gold price to nearly $1,000 an ounce.

Hulbert doesn’t imply that a break-out above the $1,000 barrier is imminent, although the odds are probably better than the last several times it has approached this level when the HGNSI was at a much higher reading.

Source:

http://www.marketwatch.com/story/contrarians-see-hope-for-gold-breakthrough-2009-09-04
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