Hanke’s gold sentiment index shows ‘most bullish story year to date’

Kitco/Interview of Steven H. Hanke/5-25-2021

Graphic image of bull, black and white“Steve Hanke, professor of applied economics at Johns Hopkins University, created, in collaboration with his colleagues, a sentiment index for gold. The index works by using a computer algorithm scan media articles online and screen ‘bullish’ or ‘bearish’ keywords. Bullish words include ‘inflation’, and ‘quantitative easing’ while gold bearish terms could include ‘strengthening dollar.’

USAGOLD note: Hanke introduces a new survey to the gold tools mix – a sentiment index that now scores very high on the bullish side of the dashboard. Hanke says It works as a forward indicator. Sentiment as measured in media reports, he says, is a very important indicator of price performance. He “loves gold” because we are going to have “a lot more inflation in the future.”

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