Update on Mark Hulbert’s Gold Sentiment Indicator
The full piece courtesy of MarketWatch is here.
The HGNSI (Hulbert Gold Newsletter Sentiment Index), which tracks the short-term recommendations of the market timers who cover Gold, is at 32%. As you can see from the chart, sentiment has trended higher over the last year. That is what you’d expect given the rising trend. Remember no indicator is perfect. The current reading of 32% would support a decent rally in Gold.