Mark Hulbert: Here’s the silver lining in traders’ outlook for gold

It is still premature for gold traders to start buying. That’s the judgment of many contrarian analysts, who note that gold market sentiment is not yet favorable.

This is the same opinion they had six weeks ago, the last time I focused a column on gold market sentiment. Gold GCG9, -0.21% today, of course, is trading slightly lower than where it stood then.

Consider the average recommended gold market exposure level among a group of several dozen short-term gold timers monitored by my Hulbert Financial Digest (as measured by the Hulbert Gold Newsletter Sentiment Index, or HGNSI).

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