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[tomterrific14]

http://ceo.ca/wp-con...ious_Metals.png

http://ceo.ca/silent-bottom-for-gold/

[tomterrific14]

http://ceo.ca/wp-con...ious_Metals.png

http://ceo.ca/silent-bottom-for-gold/

http://www.acting-man.com/?p=22540

"A New Multi-Year Low in the HGNSI

There would be little need to write this update if not for a rather remarkable new sentiment record. After having been stuck for a while at minus 12.5, the Hulbert Gold Newsletter Sentiment Index (HGNSI), which measures the average recommendation of gold market timing advisers, has reached a level that hasn't been seen in a very long time, if ever (it definitely has never occurred since the beginning of the bull market in 1999/2000).

The average recommendation is now to be 31% net short. Given that this is an average and considering that there are probably a handful of permabulls in the newsletter business, this is pretty extreme – especially as neither gold nor silver have broken the major lateral support levels that have been in force since the beginning of the consolidation period in 2011. Of course they still may break said supports. The point is that this has not happened yet, while sentiment is at levels that would normally suggest otherwise. That is quite astonishing."