Hathaway - Absolutely Stunning Developments In Gold
By GCRU Gold News on Friday, September 26 2014, 13:32 - Permalink
“The Ned Davis research index of gold sentiment is the lowest it’s been in 30 years of data. They have data going back to December 30, 1994. Their chart of sentiment right now is basically at zero. Well, when that index is below a reading of 35, and of course it’s at zero right now, the average level of gains on trades is about 17 percent.
The other thing worth mentioning is that Mark Hulbert’s gold sentiment index is now at the second-lowest level ever. Hulbert said, ‘There has only been one time in the last 30 years when the HGNSI got any lower than it is today. That came in June 2013 when it fell to minus 56. Today it’s at minus 46.9.’ A couple of weeks after the June 2013 reading a rally began that by the end of August had tacked on more than $200 to the price of gold.