Today King World News is pleased to share a fantastic piece which give readers an astonishing view of the war in the gold market. This piece also includes 3 key illustrations that all KWN readers around the world must see.
March 31 (King World News) – During the latest bear market beginning in 2011, the Gold Bugs Index (HUI) has had 15 other days when every component in the index was trading below their 10-, 50- and 200-day moving averages. It led to a rebound in the index over the next week after 13 of the 15 days, but returns after that were mixed.
King World News note: The chart below shows excessive pessimism or negative sentiment in the gold market.
King World News note: The chart below shows extreme pessimism in terms of the allocation to the Rydex Precious Metals Assets.
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***ALSO RELEASED: 50-Year Veteran Warns A Huge Game-Changer Is About To Strike CLICK HERE.
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