Gold Investor Sentiment Higher for 3rd Month in a Row

Investors buy the dip as gold price falls...

SENTIMENT towards gold among self-directed investors continued to grow more bullish in October, the latest reading for the Gold Investor Index shows.

The Gold Investor Index, published by BullionVault, rose to 56.0, the strongest reading since May and the third straight monthly gain. September's reading was 52.5.

The Gold Investor Index is based on BullionVault's proprietary data and tracks the buying and selling activity of the world's largest single pool of private gold bullion owners. A reading above 50 indicates broadly bullish sentiment among investors; a reading below 50 is a bearish signal.

For more on how the Gold Investor Index works and today's release, watch this short video:

Recorded Tuesday 6 November 2012

 

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Editor of Gold News and presenter of BullionVault 's weekly gold market summary on YouTube from 2011 to 2013, Ben Traynor was formerly editor of the Fleet Street Letter, the UK's longest-running investment letter. A Cambridge economics graduate, he is a professional writer and editor with a specialist interest in monetary economics.

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