Thursday, April 10, 2008

Gold sentiment too bearish

Mark Hulbert says gold sentiment is too bearish. I mentioned before that I love it when the blog is filled with investors telling me that gold and silver are finished. That they are in a bubble. That adjusted for inflation they are a terrible investment. These comments are music to my ears. This is not how bull markets end. Bull markets end when everyone thinks gold will continue to rise forever. Just like real estate never goes down or tech has entered a new era where profits don't matter. All that matters is how many eyeballs look at your site. No my friends the bull market is quite intact and looking as healthy as ever if sentiment is any indication.