This has only happened twice in the gold market in 40 years!
November 5 (King World News) – Jason Goepfert at SentimenTrader: Gold has declined 13 out of the past 15 days. Since 1975, the only precedent was in January 1998 after which it rallied more than 10% over the next three months.
There were 13 times it declined 12 out of 15 days, usually leading to short-term rallies as gold was higher a week later 11 of the 13 times. This is the third time it has had such a wicked streak in the past three years, suggesting that the metal has entered a long-term capitulatory phase.
***This commentary and chart 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: Louise Yamada – Here Is What The Gold Market Must Do To Turn Positive CLICK HERE.
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