We’ve just witnessed one of the greatest contrarian indicators in the history of this key market!
The following commentary is from Jason Goepfert at SentimenTrader: “Conditions are bad in the mining sector. So bad, that two of the leading players just resorted to the last-ditch effort of suspending their dividend payments. This is an extremely rare occurrence that typically happens after horrid declines and questions about their status as going concerns. By the time sentiment has gotten this ugly, it has marked the final exhaustion in the last two down cycles (see chart below).
By the time Freeport suspended its dividend in 1998, the S&P Metals & Mining Index was down 50% from its monthly closing high. In 2008, it was down 67%. Currently, it is down 69%…These dividend suspensions are exactly what potential shareholders should be looking for as a signal that sentiment is nearing a trough.” ***This latest commentary is 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 extraordinary top 10 trends and predictions for 2016 from Gerald Celente and you can listen to the audio interview by CLICKING HERE.
***10 Warning Signs The World Will See A Terrifying Collapse In 2016 CLICK HERE.
***To listen to the powerful KWN audio interview with Bill Fleckenstein, where he discusses his predictions for 2016, why the gold and silver markets are poised for a significant rally, and why the global stock markets are set up to get crushed, CLICK HERE OR ON THE IMAGE BELOW.
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