With the gold market trading above $1,160, today King World News is pleased to share a piece which takes a remarkable look at the war in the gold market. This piece also includes two key illustrations that all KWN readers around the world must see.
King World News note: Below you can see the commercial hedgers position in the gold market. In recent years gold hasn’t topped out until hedgers had reduced their position by much more than they have in recent weeks (see chart below).
King World News note: You can also see the excessive pessimism with regard to the public’s view on where the price of gold is headed in their sentiment toward the gold market, which still remains in the “excessive pessimism” camp (see chart below).
King World News note: Regardless of where the dollar trades from current levels, it appears that the gold market is continuing to carve out a bottom as the general public remains out of the market and holds one of the most pessimistic views of gold in years. These charts are just a portion of one of the latest fantastic reports. To try a free 14-day trial of the internationally acclaimed work that Jason Goepfert produces at SentimenTrader simply CLICK HERE.
***KWN has now released the incredible audio interview with Michael Belkin, the man who advises the most prominent sovereign wealth funds, hedge funds, and institutional funds in the world. Belkin covers the historic rally he expects in gold and the mining shares as well as what he expects to see in global markets for the rest of 2015, and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
***ALSO JUST RELEASED: This Will Bring The World To Its Knees CLICK HERE.
***KWN has also now released the powerful audio interview with Rick Rule, discussing what he expects to see in gold, silver and the mining shares as well as what he expects to see in global markets for the rest of 2015, and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
© 2015 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the articles is permitted and encouraged.