http://www.goldline.com/goldnews-gold-price-surges-1-us-dollar-sinks-20110118

Bearish sentiment toward the gold price has risen in recent weeks as the yellow metal backed off from its $1,431 per ounce high print posted in late 2010. Market Vane’s bullish consensus on gold dropped to 68%, a multi-month low, while the Hulbert Gold Newsletter Sentiment Index (HGNSI), a measure of gold timers’ recommended exposure to the yellow metal, sank to 33.6% – a five-month low.

This is a good reason to turn bullish to me. I have been buying back some of my trading positions.