| The gold market is still resting on a shaky foundation of sentiment. You may recall that this is the same conclusion I reached a month ago. And, just as contrarian analysis concluded then, gold has not since mounted a rally. Though there has been a lot of volatility — including an $18 rise on Monday and a $7 decline on Tuesday — gold today is barely changed from where it stood in early March.
And, yet, the average short-term gold timer monitored by the Hulbert Financial Digest is more bullish today than then. As a result, contrarian analysis is even less bullish on gold today than it was a month ago...............................................Full Article: Source
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