Investor hate on for gold is great news

Precious metal was equally as hated as it is today twice in 2011. In both cases, gold managed to soar by a couple hundred dollars, trough to peak I was shocked when I saw the numbers... but they're true. Based on numbers from Jason Goepfert's excellent SentimenTrader, investors hate gold now, more than at any time in 2009 or 2010. The thing is, when investors hate gold this much... the metal tends to rise by a couple hundred dollars in the next few months. Could gold do it again, starting now? The answer is yes (with some caveats). Let's take a closer look... We'll start with the recent history first... Back in late 2008, gold was more hated than it is today. What happened next? Gold rocketed from $750 an ounce to $1,000 in three months. Gold was also MUCH more hated than it is today for a brief moment a couple months ago – at the end of 2011. And once again, gold soared a couple hundred dollars, trough to peak, in a couple months. Gold was EQUALLY as hated as it is today twice in 2011: at the end of the second quarter and at the end of the third quarter. In both cases, gold managed to soar by a couple hundred dollars, trough to peak. Continue reading this article here.