Commodity Online Poll: 93% Investors Believe Gold will Fall

There's no mention of duration or magnitude of this expected decline. Are we talking a week, month, years? As a rule, when nearly all investors seek the same side of the trading bus, I will step to the other side. By the fall of 2010, 93% of these respondents will be pissed off that stocks, interest rates, and gold can move in the same direction as confidence in the senior currency falters.

In an online poll of a sample size of 21,600 respondents selected from across the globe, 93% or 20,100 of the total sample size had opined that there would be a fall in gold prices due to a recent upbeat mood in the global equity markets, while only 1,400 respondents contradicted the stand, 0.46% did not comment on either side. This showed that most of the respondents believed that there would be a fall in gold prices in the near future due to a recovery in global equity markets.

Source: kitco.com