The Hulbert Gold Newsletter Sentiment Index (HGNSI) has gone more bearish than it was last week when Mark Hulbert noted it as being very bullish (on a contrarian basis) on a decline to 23.5%. According to information forwarded by subscriber Larry (not a rookie is all I’ll say) the HGNSI is now registering 9.2%!
Do you ever hear me pump the gold sector? Do you ever hear me pound the table? No, I clearly state (as clear as riddles can be 
the bullish dynamics in play and let you make your decisions. So, with this contrarian indicator registering hyper bullish I will simply say what I have publicly said for years; when trading the gold sector fear rides shotgun and the gold advisers are some of the worst traders on the planet. They are bearish. With every beat down, I become more bullish. But then again, I am not a manic trader micro managing every euphoric rally and depressive beat down.
Gary Tanashian is proprietor of Biiwii.com (http://www.biiwii.com), a financial website that reflects his bias toward honest analysis and his disdain for hyperbole. Gary's writing on market trends and metals trading is particularly insightful. Gary is the owner/CEO of a progressive US manufacturing company and his long running success in this challenging sector has contributed to his unique view of the macroeconomic landscape and various global asset markets. A contrarian by nature, he uses macro-fundamentals and technical analysis to remain on the right side of the trade.
