Is the Public too Bullish on Gold?

Is everyone bullish on Gold? What about the public? Not really. This chart from shows that Gold’s move over $1000 didn’t garner the bullish sentiment of its impulsive advances  in 2005-2006 and 2007-2008. Gold naysayers like to point to it being a crowded trade or point to obscure commercials as a potential sign of the public being involved. As you can see from the chart, those arguments are unsubstantiated and especially so this time around.