On the heels of the recent turmoil around the globe, today King World News is pleased to share a fantastic piece which give readers a remarkable view of the war in the silver, commodity and gold stock markets This piece also includes three key illustrations that all KWN readers around the world must see.
King World News note: This following chart from SentimenTrader shows that the CRB (Commodity Index) sentiment is once again back in excessive pessimism territory. (see chart below).
King World News note: The second chart from SentimenTrader shows that the commercial hedgers in the silver market have moved from one of the largest net short positions to one of the more constructive positions in years because on the recent price weakness in silver (see chart below).
King World News note: The third chart from SentimenTrader shows that sentiment in the silver market is near rock bottom (see chart below).
Today Jason Goepfert from SentimenTrader noted the following: "Precious metals have been taking a hit lately, and that has reflected on the miners. Every stock in the HUI Gold Bugs Index has traded below its 10-, 50- and 200-day moving averages for the past two days, and on both days more than a third of the stocks have reached 52-week lows.
In the history of the index, this has occurred on 9 other days, clustered in four time frames (early September 2008, mid-October 2008, mid-May 2012 and late October 2014). They all occurred within several days of 10% rallies in HUI and other indexes of gold miners. They should be getting a reprieve soon, with any heavy selling in the coming day(s) likely to be exhaustive and quickly reversed." 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 incredibly powerful KWN audio interview with Stephen Leeb, where he explains exactly how China is concealing its true gold holdings, where the gold is being held, what the Chinese are really up to, how it will impact the gold market, what surprises are in store for the gold market and much more, and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
***ALSO JUST RELEASED: DANGER: Twin Crack-Ups Set To Implode The World Economy And Financial System CLICK HERE.
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The audio interviews with Egon von Greyerz, Nomi Prins, Gerald Celente, Andrew Maguire, Michael Pento, Dr. Paul Craig Roberts, Rick Rule, Bill Fleckenstein, Stephen Leeb, Eric Sprott, Robert Arnott, David Stockman, Chris Powell, John Mauldin, Dr. Philippa Malmgren, Marc Faber, Felix Zulauf and Rick Santelli are available now and you can listen to them by CLICKING HERE.