Sentiment

Public Opinion is less bullish than in 2008 and 2006.

First, let me debunk the bubble callers and those who say Gold is a crowded trade. I’ve heard at least three different people say this. Google that and you’ll be amazed at the number of results. Here are some excellent charts.

Since the USA will not default, not raise taxes nor cut spending, the only logical recourse will be to print vast sums of U.S. dollars to fund this surreal foray into deficit finance. In other words, reflate.

Jesse shows some of the gains in junior miners (the speculative companies) in the 1970s.

Mark Hulbert looks at his proprietary sentiment indicator for Gold. It is telling him that the gold timers have grown fairly bullish recently.

This includes a chart from Bespoke Investment Group’s Blog and Mark Hulbert’s sentiment indicator.