A very interesting extreme is developing in the currency markets that impacts the gold sector…
If you take a look at the chart below, it shows an all-time record long position by commercial hedgers in the Canadian dollar.
Commercials All-Time Record Long Canadian Dollar (10-Year Chart)
Commercials All-Time Record Long Canadian Dollar (23-Year Chart)
IMPORTANT:
To find out which company Doug Casey, Rick Rule and Sprott Asset Management are pounding the table on that already has a staggering 18.1 million ounces of gold that just added another massive deposit and is quickly being recognized as one of the greatest
gold opportunities in the world – CLICK HERE OR BELOW:
Sponsored
As Investors Panic Out Of Canadian Mining Stocks
If you look at the chart above, it shows an all-time record panic out of the GDX Gold Mining Index. This is on top of the commercials taking an all-time long position in the Canadian dollar. If you are a contrarian who likes to make money going against the panicking herd, now is the time to be buying high-quality Canadian mining companies, especially if you happen to be exchanging a foreign currency for Canadian dollars as you invest on those high-quality companies.
KWN has just released the remarkable KWN audio interview with Egon von Greyerz and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
KWN has also released the powerful audio interview with Peter Boockvar and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
***ALSO JUST RELEASED: Look At What The Average Person Has To Endure CLICK HERE.
© 2017 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 This material may not be published, broadcast, rewritten, or redistributed.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.
