Monday, October 31, 2011

Sentiment on Gold Rebounding from “Very Bearish Extreme”

Gold sentiment has begun to climb over the past week from a very bearish
extreme, according to Macquarie Equities Research analyst Stephen Harris. In a
note to clients on Monday, Harris higlighted the Ned Davis Research (NDR) Daily
Gold Sentiment Composite, which fell to 7.1 on October 14 its lowest level
since at least January 1, 2006 (he did not provide data going back further).
Since that time, the NDR Daily Gold Sentiment Composite

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