The Hulbert Financial Digest recently reported that newsletter writers focused on the precious metals sector are now recommending that investors take a 44% net short position in gold, an all time low. Jason Goepfert at Sentimentrader tracks the data and has posted the following chart this week.
Newsletter writers are now recommending a 71% net long position in stocks, the highest since 2002
Mark Hulbert of the Hulbert Financial Digest tracks stock market recommendations of multiple newsletter writers. Hulbert recently reported that newsletter writers are now recommending a net long position in stocks of 71%, the highest level since January 2002 and the 10th highest level ever since 1997.