Look at this surprising information as gold and silver continue to surge.

King World News note: Sentiment for silver still has not yet reached the level of “Excessive Optimism” (see 25-year silver sentiment chart below).

KWN SentimenTrader I 7:1:2016

King World News note:  If you look closely at the chart above, the Silver Optix spent a significant amount of time in the “Excessive Optimism” levels during the bullish advance from 2001 – 2011.  Yet at the beginning of this cyclical bullish phase of the secular bull market in gold, sentiment still remains somewhat subdued.  But that’s what bull markets do, they “climb a wall of worry.”

King World News note:  And look at what is happening to the fund flows into the silver ETF SLV, where there was an extremely high level of liquidation, especially compared to the last three years (see chart below).

KWN SentimenTrader II 7:1:2016

In sharp contrast to SLV, look at the extremely strong fund flows into the gold ETF GLD (see chart below).

KWN SentimenTrader III 7:1:2016

It would appear that the endless talk about the massive commercial short positions in both metals coupled with the bullish advance coming on the heels of a brutal 5-year cyclical bear market is keeping a healthy level of “fear” in the early stages of the newest leg of the bullish advance.  So it will be very interesting to see how gold and silver trade from current levels in the days and weeks ahead.

***One of Bill Fleckenstein’s greatest audio interviews ever has now been released and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.

***Also Just Released: Could This Be True? Is The Price of Silver Really Headed To A Jaw-Dropping $690? Click Here.

KWN Fleckenstein mp3 7:2:2016

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