After gold and silver rallied on the release of the Fed Minutes and after the recent drubbing and turmoil in emerging markets, today King World News is pleased to feature a piece from one of the greats in the business discussing the gold market as well as the emerging markets.
Jason Goepfert at SentimenTrader: There Investors have given up on emerging markets – again – as sentiment over the past two months has soured to the third-worst level in a decade. Every time it has reached the current level of extreme, those stocks have rallied in the intermediate- to long-term before running into the problems caused by a lack of buying interest (see charts below).
Continue reading the SentimenTrader piece below…
King World News note: For those of you wondering about the gold market, sentiment remains at one of the most pessimistic levels in history (see chart below). This is a very good sign because even though gold has moved off the lows, there is no belief in the rally. That is positive from a contrarian perspective.
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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