“A Remarkable Level of Skittishness in the Gold Timing Community”

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DG365FD46564GFH654FU898 With the gold price tumbling from a new all-time record high of $1,922.20 to near $1,800 per ounce in recent weeks, sentiment toward the yellow metal has fallen in-kind. Over the past ten days, the Hulbert Gold Newsletter Sentiment Index (HGNSI) – which measures market timers’ recommended exposure to the yellow metal – dropped 20 percentage points and sits far below levels associated with intermediate-term tops in the price of gold . Mark Hulbert, founder of the HGNSI, addressed the growing chorus of calls that the gold price has reached a top in light of the recent drop in sentiment.