On the heels of the recent turmoil around the globe, today King World News is pleased to share a piece which reveals that sentiment in the gold market is now at the 2nd most negative level in the past 25 years as the commercial hedgers take on the gold shorts! This piece also includes two key illustrations that all KWN readers around the world must see.
King World News note: This astonishing chart from SentimenTrader shows that the gold hedgers are now in the most bullish posture in the past decade (see chart below).
King World News note: The next chart from SentimenTrader shows that sentiment in the gold market is now at the second most pessimistic level in the past 25 years! (see chart below)
The two charts above are bullish from a contrarian perspective. It will be interesting to see when the downside momentum comes to an end and gold reenters the next leg of its 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.
***ALSO JUST RELEASED: Gerald Celente – Plunge In Commodity Prices Worst Since 2008, Is There Panic On The Street? CLICK HERE.
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