Gold and gold mining stocks are once again poised for a significant rally.
That’s how I began my three-months-ago column on gold market timer sentiment, and the forecast is true today as well. The average recommended gold market exposure level among gold timers currently is lower than all but 9% of daily levels since 2000, as you can see from the accompanying chart. I consider any exposure level in the bottom decile to represent excessive pessimism, which is a positive omen from a contrarian point of view.
Over…
Read the full article here