gold stocks are having a good day across the board, suggesting...

gold stocks are having a good day across the board, suggesting they may finally have the wind at their backs soon. I'm reading a lot of comment about the gold price and its similarity with the 12-15 month period following the 2006 peak.

Speculators are out of the gold market or short, and sentiment remains poor with most newsletter writers recommending a short position. Meanwhile the smart money like Paulson, Soros and swap dealers on comex are going long gold.

"Mark Hulbert's HGNSI (gold newsletter sentiment indicator has spent most of 2012 in 'extreme bearishness' territory. The level of the index indicates the average percentage of one's portfolio that according to gold timers should be allocated to gold. A negative figure means that a net short position is recommended"

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