Today King World News is pleased to share a fantastic piece which shows 4 of the most astonishing charts of the war in gold, silver and the U.S. dollar. This also includes one truly remarkable illustration that all KWN readers around the world must see.
King World News note: The chart below shows there is still a great deal of "smart money" short positions in the U.S. dollar. They have been covering during the recent plunge in the dollar, but are still historically very net-short.
King World News note: The chart below reveals the gold hedgers position, which still shows a bullish bias at this time.
King World News note: The chart below reveals the sentiment readings for gold. Sentiment has just exited the "excessive pessimism" area, but is still very pessimistic overall. From a contrarian perspective this is a positive situation.
King World News note: The chart below shows Rydex Precious Metals Assets and it is absolutely astonishing. The chart shows that Rydex precious metals investors are the most bearish they have been since the start of the bull markets in both gold and silver back near the turn of the century. From a contrarian perspective this is exactly how you would expect a nearly 4-year cyclical bear market in the metals to end. This is also a warning to the bears that the next leg higher of the secular bull markets in gold and silver are now close at hand.
The fantastic charts are just a portion of the latest remarkable report. To try a free 14-day trial of the internationally acclaimed work that Jason Goepfert produces at SentimenTrader simply CLICK HERE.
***ALSO RELEASED: Bill Fleckenstein On The Plunge In Gold, Silver And Oil, Chaos In Currency And Bond Markets And A Hard Lesson CLICK HERE.
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