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.”

This entry was posted in Gold and Silver Price Predictions from Prominent Players, Today's top gold news and opinion. Bookmark the permalink.