Below is an important update on the war that is raging in the gold and silver markets.
The following charts are from Jason Goepfert at SentimenTrader.
King World News note: Below you can see the commercial hedgers position in the silver market market. Note that commercial hedgers have been adding aggressively to their short positions on the recent surge in the price of silver (see multi-year chart below).
The commercial shorts are already at a level (real-time) that raises serious concern. In fact, the commercials are starting to approach one of their largest short positions in history. The last time the commercials held this large of a short position in silver was in 2008. Again, that does not mean that the price of silver cannot head significantly higher in the short-term.
The next chart takes a look at gold…
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King World News note: Below you can see the commercial hedgers position in the gold market. Note that commercial hedgers have been adding more aggressively to their short positions on the recent surge in the price of gold (see multi-year chart below).
King World News note: Again, sometimes it’s important to take a step back and look at the big picture in the gold market (see fascinating 23-year chart below).
The commercials were never this concentrated in terms of their short position in gold until after 2004. This means there could still be a lot of room to the upside in the gold market, but the current leg of the advance has now reached a danger zone in terms of the commercial short position in gold. ***KWN has now released the Dr. Paul Craig Roberts KWN audio interview where he discusses the gold and silver market in greater detail. Dr. Roberts also discusses the greatest threat facing the world, systemic collapse, major markets, and much more, and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
The charts above are from SentimenTrader. To try a free 14-day trial of the internationally acclaimed work that Jason Goepfert produces at SentimenTrader simply CLICK HERE.
***ALSO RELEASED: ALERT: Paul Craig Roberts Just Warned The Global Financial House Of Cards May Not Make It Through The Year CLICK HERE.
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