On the heels of the US dollar tumbling once again, today KWN takes a look at an important catalyst in the gold market.
Sentiment in the US dollar has been plunging (see 10-year chart below).
10-Year Chart: US Dollar Sentiment Plunging
However, commercial traders have become less bearish on the dollar…
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Commercial traders have been covering their short positions in the US dollar (see 10-year chart below).
Commercials Aggressively Covering Dollar Shorts
Bottom Line
KWN will keep our global readers informed of major changes in the US dollar because it is a major catalyst in the gold market. For now, dollar weakness may continue, although a counter-trend rally could unfold at any time. Readers should also keep in mind that there are times when the US dollar and gold rally together. It will be interesting to see how both trade in the coming weeks and months.
***KWN has now released the remarkable audio interview with legend Rob Arnott and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
***ALSO JUST RELEASED: Paul Craig Roberts: The Matrix Of Lies – Russia Needs To Wake Up Or The World Will Be Destroyed CLICK HERE.
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