I love a market poised to react one of two absolute and distinct ways to a single world event. To wit, is it bad news that a deranged foe of the civilized world finally stopped talking smack and started lobbing off a bunch of missiles? Or is it good news that the most far-reaching of these North Korean missiles appears to have hit the drink, like countless Business Press Maven golf balls? We shall see when the bell rings, but seeing such a flagrant provocation as anything but dim news would take a lot of contrarian fiber -- almost as much as the current daily requirement for betting against gold. That's why I liked this morning's simple (but probably telling) piece from Mark Hulbert of MarketWatch on how short-term gold timing newsletters have moved the needle so far toward bullishness that there is virtually nowhere to go but down. ( Editor's note: To access some of these stories, registration or a subscription may be required. Please check the individual links for the site's policy.) The Hubert Gold Newsletter Index (which we would refer to as HGNI if we were going to refer to it again) had a gold market exposure rating of 73.2%. As recently as June 20, this stood at 1.8%. That's akin to the increase in The Business Press Maven's waistline over this July 4 holiday, which brings up an interesting automotive initiative, courtesy of The Chicago Tribune , during this week in which American automakers are tumbling and reaching out desperately for help: "Do you have to fasten not only the driver's but also the passenger's safety belt around you when you slip behind the wheel?" Apparently, with Americans so prototypically fit, Ford ( F) is looking at widening some driver's cabs. Nevermind that the larger trend seems to be toward cars smaller than Bolivia; American carmakers have to fit unfit American hips, I suppose. Will the French (quelle horreur) come riding to the rescue? Could be, as you can read anywhere about Renault-Nissan's involvement with General Motors ( GM), pushed by investor Kirk Kerkorian, who would have done better in gold. The Economist puts the hookup in good perspective, portraying it as a potential struggle of personalities. In one corner we have GM boss Rick Wagoner, who, as The Economist puts it, "believes that the company is beginning to get back on its feet and does not need outside help." In the other, we have Renault grande fromage Carlos Ghosn, who has plenty of turnaround experience to his credit and perhaps could not disagree more.