With paper claims in the gold market now at unfathomable levels, today King World News is pleased to share another stunning development in the war in the gold market.
The following charts are from Jason Goepfert at SentimenTrader.
King World News note: Below you can see the commercial hedgers most recent position in the gold market. Note that commercial hedgers have aggressively continued to cover their short positions on the recent decline in gold (see chart below).
The following note is from Jason Goepfert at SentimenTrader. “The latest Optimism Index reading for currencies and commodities showed yet another drop for gold to 10. This is the 3rd lowest reading since 1990, next to 12/16/1997 (when it dropped to 8) and 6/13/1997 (it dropped to 9). Two months after those dates, gold was higher by +4.8% and +7.7%.”
King World News note: Sentiment in the gold market is now at one of the most excessively pessimistic levels in history (see chart below). Again, this is the type of thing you would expect to see at the end of a cyclical bear phase that is culminating inside of a secular bull 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 extraordinary top 10 trends and predictions for 2016 from Gerald Celente and you can listen to the audio interview by CLICKING HERE OR ON THE IMAGE BELOW.
***ALSO JUST RELEASED: Joe Granville’s Warning, Full-Blown Crisis, Total Wealth Destruction And $10,000 Gold CLICK HERE.
***To listen to the powerful KWN audio interview with Bill Fleckenstein, where he discusses his predictions for 2016, why the gold and silver markets are poised for a significant rally, and why the global stock markets are set up to get crushed, CLICK HERE OR ON THE IMAGE BELOW.
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