At the end of a strange week of trading in which the U.S. dollar strengthened along with gold and silver, here are two stunning charts of gold and a commodity group that may shock you.
First, look at this stunning amount of short bets against the rally in the agriculture space, where near all-time record short bets have been placed:
From Jason Goepfert at SentimenTrader: The smart money is betting against the rally in agriculture. After building up long positions earlier this year, hedgers have moved to a near-record short position against the major ag contracts. The other times they’ve taken these kinds of positions, the rallies in ag were in the final stags of parabolic moves (see remarkable chart below).
Also, below is another chart, courtesy of the folks at Dow Theory Letters, showing that the price of gold has crushed the performance of stocks and bonds this year (see below).
***KWN just released an absolutely jaw-dropping interview discussing the gold and silver markets with the man who advises the most prominent sovereign wealth funds, pension funds, hedge funds, and institutional funds in the world and he discusses the gold and silver markets, coming chaos and much more! To listen CLICK HERE OR ON THE IMAGE BELOW.
***Also just released: John Hathaway – There Is A Deepening Shortage Of Physical Gold CLICK HERE.
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