With the price of silver recently breaking back above $18, here is an extremely important update for silver traders and investors…
High optimism in silver
From Jason Goepfert at SentimenTrader: The Optimism Index on silver has climbed above 70, which has been a warning sign in recent years (see chart below).
Since the bull market peaked in 2011, there have been 34 days when the Optimism Index exceeded 70. Over the next 30 days, silver showed a positive return after only 1 of those days, and the gain was only 0.3%. Its median return during the next 30 days was -5.9%, with risk of -7.9% and reward of +1.7%…
In a King World News interview I spoke with the man who predicted the Swiss National Bank would experience staggering losses and that the Fed would also experience massive losses that will destabilize the global financial system! His company is the only one in the world offering a precious metals investment service outside the banking system, with direct ownership and full control by the investor. He has also become legendary for his predictions on QE, historic moves in currencies, and major global events. To find out what he and his company can do to help answer that age old question for you CLICK HERE.
Silver has a lot of work to do to prove it’s no longer in an environment where optimism leads to poor returns.
King World News note: The detailed information above about silver is an example of why Jason is the best in the world at what he does. I would also add that the commercial traders are still aggressively short silver, despite some recent short covering (see chart below).
To be one of the first people in the world to use the investing tool that is free to the public and was designed by the man who oversees $180 billion CLICK HERE.
The charts and commentary above (aside from the KWN note) are from SentimenTrader. To try a free 14-day trial of the internationally acclaimed work that Jason Goepfert produces at SentimenTrader simply CLICK HERE.
***To listen to the extraordinary KWN audio interview with legend Rob Arnott CLICK HERE OR ON THE IMAGE BELOW.
***ALSO JUST RELEASED: If You Are Confused About Where Markets Are Headed Next, Just Read This… CLICK HERE.
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