On the heels of another wild trading week, we have seen commercials making moves in the gold market as well as the US dollar.
Commercials Covering Gold Shorts
June 22 (King World News) – As we end the trading week, there has been short covering in the gold market and there should be more of it in next week’s report (see chart below).
Commercial Short Covering In Gold
It will be very interesting to see next week’s report…
To see the symbol for the only gold explorer in the world with no debt and a
massive treasury that has seen insiders buy more than 3 million shares
in the open market in the past few months CLICK HERE OR BELOW
Commercials Short Selling US Dollar
After the recent rally in the US dollar, commercial hedgers decided it was time to short the dollar (see chart below).
Commercials Going Short US Dollar
SENTIMENT UPDATE: “Extreme Optimism” In The US Dollar
You can see that sentiment in the US dollar has now become extreme (see chart below).
Dollar Bulls May In For A Big Surprise
The sentiment in the mining shares is extremely negative right now and that is very bullish from a contrarian perspective. If you are accumulating physical gold and silver, just continue to purchase at the normal times each month if you are dollar cost averaging. Don’t be distracted by the manias in paper markets. Instead, stay disciplined and don’t try to outsmart the market as you continue to accumulate. For those of you who are accumulating your favorite high-quality mining shares, continue to dollar cost average in June.
KWN has just released the remarkable audio interview with London whistleblower and metals trader Andrew Maguire and you can listen to it by CLICKING HERE.
The KWN audio interview with Dr. Stephen Leeb discussing China’s 20,000 tonnes of gold and their plans for a gold monetary order has now been released and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
***ALSO JUST RELEASED: Whistleblower Andrew Maguire – Swiss Gold Refiners Say Gold Demand Hasn’t Been This Strong Since 2013 CLICK HERE.
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