[Atlas Sneezed]

the average short-term gold market timer is currently allocating just 30.5% of his gold-oriented portfolio to gold — keeping 69.5% in cash.

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The deceptive implication is that short-term market timers are significant. I imagine most gold owners/buyers/investors are buying to hold it for the long run as a store of savings, not to flip it.

[danielmryan]

Actually, Hulbert sees it as significant for contrarian reasons: if gold timers are that skittish, then gold is not on the verge of a tumble. In the long run, of course, short-term timing sentiment is meaningless.