Today King World News is pleased to share a fantastic piece which give readers a remarkable view of the war in gold and the U.S. dollar (crucial to gold and silver). This piece also includes three key illustrations that all KWN readers around the world must see.
King World News note: Below you can see what can only be described as wildly bullish sentiment on the U.S. dollar. Note how the "excessive optimism" reading recently blew out on the upside (the following charts are from SentimenTrader).
King World News note: Below you can see the "excessive pessimism" in the Rydex Precious Metals Assets holdings.
King World News note: Below you can see that the sentiment readings for gold are also at the point of "excessive pessimism."
With sentiment remains wildly bullish on the U.S. dollar and extremely negative for gold, SentimenTrader put out the following note on gold in yesterday's report:
SentimenTrader: Gold: Bullish. Gold stocks should see a rebound given a test of lows and "puke" conditions, with "smart money" hedgers near multi-year extremes in their net long position. ***This is just a portion of the latest fantastic report. To try a free 14-day trial of the internationally acclaimed work that Jason Goepfert produces at SentimenTrader simply CLICK HERE.
***ALSO JUST RELEASED: While The War In Gold And Silver Continues To Rage, Here Is A Surprising Development CLICK HERE.
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