With the price of gold hitting new lows, today King World News is pleased to share an important update on the gold market. This piece also includes two key illustrations that all KWN readers around the world must see.
The following charts are from Jason Goepfert at SentimenTrader: Below you can see the commercial hedgers position in the gold market. Note that commercial hedgers have been aggressively covering their short positions on the recent decline in gold (see chart below).
The chart below shows how sentiment in the gold market has moved back to excessive pessimism (see chart below).
King World News note: The bottom line is the war in gold continues to rage and the commercials are aggressively covering shorts and adding to existing long positions. It will be interesting to see how gold trades from current levels.
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 Nomi Prins, the keynote speaker who recently addressed the Fed, IMF and World Bank, where she discusses the coming financial destruction that is in front of us, what is going to put an end to the manipulation of the gold and silver markets, what investors can do to protect themselves and much more, and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
***ALSO JUST RELEASED: Richard Russell – Governments, Guns And What Will Trigger Gold’s Greatest Bull Market CLICK HERE.
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