On the heels of the silver market being handed the 11th loss in the last 12 trading days, here is where things stand…
From Jason Goepfert at SentimenTrader: Silver keeps getting pounded. Perhaps triggered by the selling of a record number of speculative longs (taking the opposite side of hedgers’ trades) in silver futures, the metal has suffered a unique bout of selling over the past two weeks. It has managed only a single gain, and that was just barely. Since 1980, there were only four similar bouts of such concentrated selling (2000-10-26, 2000-11-22, 2001-02-09, and 2015-03-11)…
To find out which company the richest man in China has invested in, one that
Rick Rule and Sprott Asset Management are pounding the table on that
is quickly being recognized as one of the greatest investment
opportunities in the world – CLICK HERE OR BELOW:
Jason Goepfert at SentimenTrader continues: Silver has also closed below its lower Bollinger Band for the past 5 days, the 15th time that happened. Over the next month, it rallied 10 times, averaging 3%. The persistence of the selling has usually coincided with short-term exhaustion but there are still a whole lot of speculative longs that are in danger of being liquidated.
King World News note: Times like these are always very difficult for investors in the silver market as well as the gold market. The tide always turns, it’s just very difficult to say exactly when that will take place. Until then, it is very important for investors to exercise patience in the face of what are extremely frustrating circumstances. The upside reward will be worth the wait.
***KWN has just released the powerful audio interview with Dr. Stephen Leeb and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
***ALSO JUST RELEASED: Silver Trades Lower 11 Out Of The Last 12 Days, While Gold Market Hit With More Paper Selling CLICK HERE.
© 2017 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the articles is permitted and encouraged.