| The gold market has had a rough go of it lately, with prices for the yellow metal falling from near $1,400 in March to just under $1,200 last week. But despite that, the gold bugs have maintained their bullishness, and that was clearly evident when the last price drop actually increased sentiment, rather than sapping it.
That’s a bad sign, MarketWatch’s Mark Hulbert said this morning on the MoneyBeat show. True bottoms form when sentiment is depressed. What’s happened recently, though, is that sentiment has actually gotten stronger even as the price fell under $1,200 last week (or, perhaps, because the price fell under $1,200). That’s not what normally happens...............................................Full Article: Source
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