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Here's the real reason gold prices plunged - and why the selloff likely isn't over yet
Consider the average recommended gold-market exposure among a sample of several dozen gold-market timers monitored by my performance-auditing firm. (This average is represented by the Hulbert Gold Newsletter Sentiment Index, or HGNSI.) Prior to Friday's big drop, the HGNSI stood at levels hardly ever seen over the last 21/2 decades - at the 99.7th percentile of its daily distribution since 2000. The HGNSI dropped only slightly on Friday and, as a result, it's still higher than on 84.4% of all trading days since 2000. Contrarian "buy" signals come when this percentage falls below 10%. Contrarian analysis is useful in ... (full story)
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From cbc.ca | Feb 2, 2026
Wild swings that swept through financial markets overnight calmed as Wall Street opened for trading on Monday. U.S. stocks are holding relatively steady following gains in Europe and sharp drops in Asia, while gold and silver prices rallied back from severe earlier losses. The centre of the action in financial markets was again precious metals, where ...
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