2012-07-26 — kingworldnews.com
Gold is very well held, so I wouldn't be surprised if out of this action we see a very substantial move higher over the next several weeks. Another thing is to look at the sentiment. I read yesterday, I think it was on the GATA website, that the Hulbert Sentiment Index had a record one day drop into unchartered territory.
When you see that kind of thing, this kind of extreme ‘Get me out of this stuff,' you see that at turning points...
"So gold doesn't have a lot of friends except for the few of us who have held on to it and believed that the next big move would be higher. A lot of money has exited (gold) and it's not going to get back in easily."
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