Commentaries, Sentiment

MarketWatch on Gold Sentiment

It is a few days old but relevant and somewhat actionable.

The piece is here:

Quoting the important parts:

More clearly encouraging are the sentiment measures. Both MarketVane’s Bullish Consensus for gold and the Hulbert Gold Newsletter Sentiment Index actually went down last week — MarketVane by 3 points to 74% and the HGNSI by 14.4 points to 32.2%.

Since their 2010 ranges are 69% – 83% and 18% – 60.9% respectively, from a contrary-opinion viewpoint they appear to favor a rally rather than a meaningful sell-off.