Mark Hulbert: Still to many bulls in this Gold market

There are still too many gold bulls, and that means it will continue to frustrate those who think bullion has begun a new bull market.
It was one month ago, you may recall, I concluded that the gold market rests “on a shaky sentiment foundation.” Gold bullion today is trading for about $15 an ounce less.
Unfortunately, contrarian analysis doesn’t reach any more bullish a conclusion today than then, despite breathless excitement about a new bull market that is imminent.
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