On the heels of another wild trading week, the bullion banks have just covered more of their silver short positions, but here is the big surprise.

More Short Covering In Silver!
February 23 (King World News) – C
ommercials covered more short positions in the silver market (see chart below).

More Short Covering In Silver!

You can see that commercials added a bit to their short positions in the gold market (see chart below).

Commercials Added A Bit To Shorts In Gold

After the recent action in the gold market, it will also be very interesting to see the next COT report for gold.

Crude Oil
For those who are wondering what is happening in the crude oil market, commercials are still near all-time historic short positions (see chart below).

Commercials Near All-Time Record Short Potions In Crude Oil!

The Big Surprise
Below is a fascinating chart that shows the Gold vs the S&P500 may finally be ready to turn in favor of gold.  A bullish divergence is clearly visible on the recent break to new lows.  If that is the case, this will mark the beginning of a historic rise in the gold market as the mania in stocks unwinds, and it will surprise a lot of investors who don’t see the trend reversal coming.

The Big Surprise For Investors!

Stay Disciplined
The sentiment in the mining shares 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 that are starting to crack. 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 February.

BREAKING: Insiders In Gold Market Making Huge Bets!

A 20-Bagger In Gold
Eric King:  “As you know, I’m a shareholder of your company (purchased 400,000 shares so far).  I know the insiders have been buying as well and can’t seem to get enough of this stock.  You guys are not in this for a double or a triple.  When I see you guys (insiders) buying this aggressively (over 2.5 million shares of insider purchases recently), you’re looking to make 5X or 10X your money.

CEO (insider):  “You are right, we don’t look at making 20% or 30%.  The large insider shareholdings means that we are really looking to monetize to a larger entity.  Our vision is to build these assets and get to over $10 a share (from a current price of .53 cents!)…To find out which remarkable gold company insiders have been buying like crazy CLICK HERE!


***Speaking of silver, KWN has just released the extraordinary audio interview with Gerald Celente discussing the action in the gold, silver and major markets as well as what he is planning to do with his own money in the gold market and much more and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.

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