With paper claims in the gold market now at unfathomable levels, today King World News is pleased to share an important update on 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 10-year chart below).
King World News note: Sentiment in the gold market remains at one of the most excessively pessimistic levels in history. 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 (see 10-year chart below).
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.
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