Investment Newsletter Insights By MarketWatch Gold bugs are finally throwing in the towel, says Mark Hulbert. Good news for contrarians who have long been waiting for such an event. A contrarian buy signal has not been reached yet but it may be coming soon. The Hulbert Gold Newsletter Sentiment Index indicates that the average short-term gold timer tracked by the Hulbert Financial Digest has reduced his or her recommended gold exposure by 43 percentage points in just two days' time. That's among the biggest plunges in gold sentiment Mark has ever seen. And as newsletters increasingly turn their backs on gold, one top-performing newsletter still clings to his "buy-and-hold" stance -- despite the economic calamity of 2008 that sent his portfolios plunging. Peter Brimelow profiles Jim Lowell's Fidelity Sector Investor and the Fidelity funds that helped Lowell's letter to a 52% gain over the last 12 months. Lowell is also editor of the ETF Trader, edited by MarketWatch, the publisher of this report.

Source