Gold is skating on thin ice, according to a contrarian analysis of short-term gold market timers’ sentiment.
That’s because gold timers are extraordinarily bullish right now, and that’s bearish from a contrarian point of view. In fact, the average short-term gold timer is more bullish today than in all but 5% of the trading days since 2000. Historically, gold and gold shares have struggled in the wake of such extreme bullishness.
Consider…