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Mark Hulbert: Gold May Be A 'Buy' As Investors Turn Ever More Bearish + Chart OF The Day: Gold
Maybe I shouldn't admit it but I have a subscription and he tracks the recommended exposure to gold as well as stocks and bonds amongst newsletters that provide timing advice. In total he tracks more than 500 newsletter portfolios, some of which provide timing advice. When the average sentiment amongst those timing letters becomes extremely negative of gold he figures its a good sign of a bottom and a good time to buy. I don't pay attention to his sentiment indexes or the timing newsletters so I have no idea how successful the sentiment index is at identifying bottoms.
Maybe I shouldn't admit it but I have a subscription and he tracks the recommended exposure to gold as well as stocks and bonds amongst newsletters that provide timing advice. In total he tracks more than 500 newsletter portfolios, some of which provide timing advice. When the average sentiment amongst those timing letters becomes extremely negative of gold he figures its a good sign of a bottom and a good time to buy.
Seems a bit odd. Those timing newsletters are so bad, they themselves are used as a contrary indicator. When the gold timers are negative on gold, it's time to buy gold. But don't those gold timing newsletters also assess the sentiment of the gold market, and use it as a contrary indicator to make their own gold timing calls?
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Oh, and buy the way , buy a subscription to his newsletter.
But don't those gold timing newsletters also assess the sentiment of the gold market, and use it as a contrary indicator to make their own gold timing calls?
This is all a bit odd.