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    Bob Carey
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Factoid of the Day Friday, November 20, 2009
The price of gold bullion is up 29.1% this year through yesterday’s close. It was up 5.5% in 2008. The Philadelphia Gold & Silver Index of mining companies is up 50.7% this year, but was down 27.7% in 2008. With gold reaching an all-time high of $1,141.90 per ounce yesterday, investors might be wondering if now is a good time to pile in. The Hulbert Gold Newsletter Sentiment Index (HGNSI) closed at 68% yesterday, the most bullish it has been dating back two years, according to MarketWatch.com. The four previous highs in the index were followed by short-term sell-offs. Those outcomes were as follows: HGNSI reaches 65% in 3/08 (gold declines 15.5%); HGNSI reaches 64% in 7/08 (gold declines 24.8%); HGNSI reaches 61% in 2/09 (gold declines 11.7%); and HGNSI reaches 57% in 6/09 (gold declines 7.2%).

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Alternative Energy, 12 11/24/2009
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