With the gold market trading at $1,170, today King World News is pleased to share a piece which takes a remarkable look at the war in the gold market. This piece also includes two key illustrations that all KWN readers around the world must see.
October 19 (King World News) – SentimenTrader
King World News note: Below you can see the commercial hedgers position in the gold market. You can see that commercial hedgers have been adding to their short positions on the recent rally in gold (see chart below).
King World News note: Below you can see the longer-term 10 year chart of the commercial hedgers positions in the gold market. In recent years gold hasn’t topped out until hedgers had reduced their position by much more than they have in recent weeks (see chart below).
King World News note: Regardless of where gold trades in coming weeks, it is quite apparent that the gold price can head significantly higher based on the historical data of commercial hedgers’ positions. This would also support the belief that the gold market is continuing to carve out a bottom as the general public remains out of the market. These charts are 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 powerful audio interview with Bill Fleckenstein, where he says that gold and silver have entered new bull markets, and discusses the major markets and mining shares, and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
***ALSO JUST RELEASED: Not Everyone Survived This Carnage CLICK HERE.
***KWN has also now released the incredible audio interview with Egon von Greyerz, where he discusses the worldwide collapse, what investors can do to prepare and protect themselves, why gold and silver are headed to new all-time highs and much more, you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
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