By Daily Crux Editor Brian Hunt:
If you're looking to get long gold or gold stocks, consider waiting a while.
As Mark Hulbert reports in Barron's, newsletter advisor sentiment toward gold right now is near extreme levels that marked the previous three tops in gold.
Could gold and gold stocks run higher in the short term? Sure. But chances are we'll see a correction soon... which could set up another great buying opportunity.
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More on gold:
Chinese investors gobbling up gold bullion
The great Richard Russell: We are near the mania phase in gold