With gold and silver getting hit recently, SentimenTrader just issued a crucial important update on the gold and silver markets.

From Jason Goepfert at SentimenTrader:  “The latest Commitments of Traders report showed mostly the same themes as prior weeks. “Smart money” hedgers are holding massive (and growing) shorts in gold and silver…For gold, their current positions against the metal have been matched only two other times in its history, both leading to months of consolidation.

KWN SentimenTrader Gold Risk Level

The biggest knock against precious metals, gold and silver in particular, is that “smart money” hedgers are holding massive short positions against them. The metals topped out in recent years with far smaller bets against them by hedgers.

Long-term, that can actually be a good sign since it means that they are shrugging off the kinds of conditions that killed prior rallies. But shorter- term (1-3 months), the risk/reward looks poor. That’s especially the case because the metals have consistently struggled in May/June.

The charts above are from SentimenTrader. To try a free 14-day trial of the internationally acclaimed work that Jason Goepfert produces at SentimenTrader simply CLICK HERE.

Also released: Commercial Short Positions In Gold Near All-Time Record! Silver Shorts At All-Time Highs! CLICK HERE.

To hear the powerful KWN audio interview with Stephen Leeb CLICK HERE OR ON THE IMAGE BELOW.

KWN Leeb mp3 5:8:2016

***To listen to the extraordinary KWN audio interview with former U.S. Treasury official, Dr. Paul Craig Roberts CLICK HERE OR ON THE IMAGE BELOW.

KWN Roberts mp3 5:7:2016

© 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 This material may not be published, broadcast, rewritten, or redistributed.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.

King World News RSS Feed