Bullion banks continued their massive short covering in the gold and silver markets.
Below is one of the more interesting gold and silver reports King World News has released. It gives KWN readers around the world a look at what the big money is watching in the gold and silver markets…
This Is Now The Premier Gold Exploration Company In Quebec With Massive Upside Potential For Shareholders click here or on the image below.
Gold
October 2 (King World News) – King World News note: Below you can see the latest report showing bullion banks and commercial traders have further reduced their net short positions in the gold market:
10 Year Chart Shows Commercials Covering
Gold Short Positions On The Latest
Takedown In The Gold Market
The multi-decade chart shows bullion banks and commercial traders are positioned in a bullish manner in the gold market. It is possible the gold market may bottom here because commercial traders typically have short positions of less than 100k at major bottoms and we are there. Next week’s report may show commercial traders having reduced their net short positions even further. KWN will continue to keep our global readers informed.
The Multi-Decade Chart Shows Commercial Gold
Short Positions At Bullish Levels
Gold Sentiment
The setup in the gold market when it comes to sentiment is extremely negative. The extreme reading is very positive from a contrarian perspective. Looking at the multi-decade chart below you can see the “excessive pessimism.”
The Multi-Decade Chart Of Gold Sentiment Shows “Excessive Pessimism” As Bulls Have Capitulated
Silver
Below is a multi-decade look at how bullion banks and commercial traders have been positioned in the silver market. There is no question the setup in the silver market is extremely bullish at this point from a historic perspective.
Multi-Decade Chart Shows Commercial Traders
Positioned In A Very Bullish Manner
From A Historic Perspective
Below is a multi-decade look at sentiment in the silver market. There is no question the setup in the silver market is extremely bullish at this point from a historic perspective in terms of sentiment.
SILVER BULLS CAPITULATE:
Multi-Decade Chart Shows Silver Sentiment Has Hit “Excessive Pessimism”
Below is a multi-decade look at sentiment in the silver market. There is no question the setup in the silver market is extremely bullish at this point from a historic perspective in terms of sentiment.
DOLLAR BULLS (OVER)CONFIDENT:
Multi-Decade Chart Shows US Dollar Sentiment At “Excessive Optimism”
For those who dollar cost average their purchases in physical gold and silver, remain disciplined and continue purchasing at the same time monthly or quarterly. Do not get cute and try to time these markets.
But for those who are looking to accumulate physical silver for the first time at cheap prices or simply want to add to their existing hoard, right now and on any further weakness it is a good idea to be extremely aggressive in accumulating physical silver, even though it is possible the price may go even lower in a global liquidity crisis.
BoE Emergency Intervention, European Crisis, US Dollar, Gold & More
To listen to Nomi Prins discuss the emergency Bank of England intervention in the UK, crisis in Europe and what to expect next for the US dollar, gold and much more CLICK HERE OR ON THE IMAGE BELOW.
To listen to Alasdair Macleod discuss the crisis unfolding in the UK and Europe as well as why the gold and silver markets are poised to rally CLICK HERE OR ON THE IMAGE BELOW.
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