U.S. Markets closed

Why gold has performed so poorly even though stock markets are volatile

Mark Hulbert
Why gold has performed so poorly even though stock markets are volatile

What’s it going to take for gold market timers to become so pessimistic that a contrarian buy signal is finally triggered? Consider the average recommended gold market exposure level among a subset of short-term gold market timers (as measured by the Hulbert Gold Newsletter Sentiment Index, or HGNSI). As I have indicated in past columns, previous lows have been accompanied by HGNSI readings at least as low as minus 30%.