Gold sentiment part II

Here is chart from Guy Lerner over at the www.thetechnicaltake.com (link to article is pasted onto the chart). It plots the market vane sentiment (i.e. percentage of bulls, bottom of chart) against the price plot of Gold. Since Guy posted this chart a few days ago the sentiment reading recently hit 56%. Over the past 9 years or so this has indicated a short term price bottom in the long term bull market for gold. If you believe the bull market will continue this is a great entry point.