Today King World News is pleased to share a fantastic piece which give readers a stunning look at the war in the gold and U.S. dollar markest. This piece also includes three key illustrations that all KWN readers around the world must see.
The chart below shows that there has been a great deal of short covering in gold recently by the commercials, which is a bullish medium-term indicator for gold.
The chart below reveals there has not been excessive optimism in the gold market for nearly 4 years.
The chart below shows that the commercials are still extremely short the U.S. dollar, although they have recently been covering some of their short positions into the plunge in the U.S. Dollar Index.
If you look at the chart above, the extreme pessimism is exactly what you would expect to see at the bottom of a cyclical bearish phase, inside of a secular bull market. When the gold and silver bull markets really begin to accelerate higher in the next leg of their historic bull markets, gold will break $2,000 and silver will take out the all-time high of $50. It may seem unbelievable today but that's just what happens in bull markets — the really big surprises are on the upside. The fantastic charts are 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: With 93 Million Unemployed In The U.S., The Coming Nightmare Will Be Multiples Of The Great Depression CLICK HERE.
© 2015 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the blog page is permitted and encouraged.
The audio interviews with Chris Powell, Andrew Maguire, Rick Rule, Bill Fleckenstein, John Mauldin, Michael Pento, Gerald Celente, Egon von Greyerz, Dr. Paul Craig Roberts, James Turk, Dr. Philippa Malmgren, Eric Sprott, Robert Arnott, David Stockman, Marc Faber, Felix Zulauf, John Embry and Rick Santelli are available now and you can listen to them by CLICKING HERE.