The Hulbert Gold Newsletter Sentiment Index (HGNSI) reflects the average recommended gold exposure among a subset of short-term gold timers.
Though the list of market timers incorporated in the HGNSI is proprietary, included are all gold timers tracked by the Hulbert Financial Digest who (a) have the ability to communicate immediately to clients whenever they change their recommended gold market exposure and (b) for whom the recommended exposure level when bullish is at least 50 percentage points higher than when bearish.
The HGNSI is updated every day the NYSE is open, approximately one hour after the close of trading. You may subscribe to either daily or weekly updates of the HGNSI. Click here for more information.
The HGNSI historically has been inversely correlated with the gold market’s subsequent short-term trend. Econometric tests of the HGNSI back to 1985 show that its maximum predictive power exists at the one- to three-month horizon.