With the S&P futures ramped up nearly 20 points in overnight trading, after the recent chaos in global markets, today King World News is pleased to feature a piece from one of the greats in the business discussing that gives a shocking look at recent investors panic, from China's stock market crash to extreme fear in the US. There is also some important information about what to expect next for the gold and silver markets.
Jason Goepfert at SentimenTrader: "According to the CNN Fear & Greed Index, investors have become panicky. Fewer than 1% of all days since 1998 have shown the level of pessimism suggested by the index, and stock returns in the months ahead have been significantly positive (see charts below)."
Jason Goepfert also had this fascinating chart and commentary regarding the Chinese stock market crash: "Measured by a handful of metrics, the Shanghai index of Chinese stocks has entered panic territory. Over the past 15 years, that panic has not equated with an exact low in the index, as it tended to test the panic in the weeks ahead."
King World News note: With all the chaos unfolding in global markets, note that the sentiment in the gold market is showing extreme pessimism. This is a positive sign from a contrarian perspective (see chart below).
King World News note: What about silver? Note that sentiment in the silver market is also now at extremely pessimistic levels. This is a positive sign from a contrarian perspective (see chart below).
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.
***ALSO JUST RELEASED: Richard Russell Warns China's Destructive Bear Market May Spread To The U.S. Within 30 Days CLICK HERE.
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