With gold and silver showing strength in the past nine trading days, today King World News is pleased to share an extraordinary piece that takes a remarkable look at the war in the gold and platinum markets. This piece also includes four key illustrations that all KWN readers around the world must see.
October 15 (King World News) – Jason Goepfert at SentimenTrader: “Gold continues to move impressively higher. Sentiment has improved as well, and during a bear market that always bears watching. A market stuck in a long-term bear market tends to peak out when sentiment recovers from extreme pessimism to neutral.
The chart (above) shows the other peaks in gold during the past two years, and we can see that each of the peaks was associated with an Optimism Index right around 50. The latest reading has recovered to only 29, so there is a ways to go before it would trigger some concern that sentiment has recovered too much, too fast.”
King World News note: The chart below shows the recent improvement in sentiment in the gold market, which broke the reading back above the excessive pessimism level (see chart below).
King World News note: KWN will be keeping an eye on sentiment chart in coming weeks as the rally in the gold market continues.
Also, the chart below shows the sentiment in the platinum market, which is currently showing a reading of “excessive pessimism” (see chart below).
And if you look at the platinum hedgers position, it shows one of the most bullish readings in the past several years (see chart below).
This is just a portion of one of the latest fantastic reports. To try a free 14-day trial of the internationally acclaimed work that Jason Goepfert produces at SentimenTrader simply CLICK HERE.
***KWN has now released the incredible audio interview with Michael Belkin, the man who advises the most prominent sovereign wealth funds, hedge funds, and institutional funds in the world. Belkin covers the historic rally he expects in gold and the mining shares as well as what he expects to see in global markets for the rest of 2015, and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
***ALSO RELEASED: Someone Just Placed A Huge Upside Bet In The Silver Market CLICK HERE.
***KWN has also now released the powerful audio interview with Rick Rule, discussing what he expects to see in gold, silver and the mining shares as well as what he expects to see in global markets for the rest of 2015, and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
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