Today the Bitcoin carnage continues but what is happening in this market is truly shocking.
What is happening in the crude oil market is unprecedented. Commercial short positions have now reached unimaginable levels (see stunning chart below).
Filling Up On Shorts: Jaw-Dropping Record Commercial Crude Oil Shorts!
Meanwhile, Commercial Euro Shorts Hit All-Time Record!
The bottom line is we are seeing extremes in some major markets but it will truly be fascinating to see how the war in the crude oil market unfolds.
What About Gold?
For those of you who are wondering about the large commercial short positions in the gold market, this is being done not only in an attempt to prevent a major upside breakout, but also because they are betting on the seasonal top in the gold market that generally occurs in February. The commercial short positions in the crude oil market have been a disaster up to this point. It will be interesting to see if the price of gold surprises the shorts by breaking above the key psychological level of $1,400, or whether it will be business as usual and a smash takes the gold price below $1,300.
Speaking of gold…
In The Footsteps Of Giants
One of the top questions KWN receives from investors about the mining industry is always: “How do you know out of the thousands of companies there are to choose from which will take-off and which ones will falter?” The answer for smart money investors is always to look for proven leaders with previous success as a good indicator of future success. One individual that fits this description is pictured below with multi-billionaire Robert Friedland.
Multi-billionaire Robert Friedland chose this man to lead his expoloration team and it turned out to be a brilliant move because he was responsible for two of the largest and most important discoveries the world has ever seen while leading the team at Ivanhoe Mines. Investors across the globe are now following this man into his latest venture where he will help lead an exploration team where the CEO believes the team will deliver drill results that will send the stock price soaring more than 1,000 percent! Also, a legend in the business just made a 7-figure investment into this relatively unknown company. To get in on the ground floor and learn more about this remarkable company simply CLICK HERE.
***ALSO JUST RELEASED: DANGER: The “Wall Of Worry” Has Collapsed CLICK HERE TO READ.
***KWN has just released the powerful audio interview with Gerald Celente discussing why the world is heading into a major crisis in 2018 and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
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