For those of you who are worried about the recent action in the gold market, take a look at what Fred Hickey had to say…
Fred Hickey Weighs In On Gold
May 15 (King World News) – With many investors wondering what direction the next major move in The gold market will be, here is a note from one of the greats in the business…
To listen to billionaire Eric Sprott discuss his prediction for skyrocketing silver
as well as his top silver pick CLICK HERE OR BELOW:
Note From One Of The Greats, Fred Hickey
“One very interesting detail in (Friday’s) COT report for gold. Managed Money (mostly hedge funds) longs taken down to 109.5K contracts-lowest since early 2016 when gold bottomed ($1050). At 2016 gold peak over 300K longs, 2017 peak nearly 270K longs. Huge potential buying pressure.”
King World News note: You can see the gold market coiling for a move higher as trouble continues to spread across the globe. I bought more physical gold again last week. For those of you who are on a dollar cost average program, don’t try to get cute and time the market. Simply purchase physical gold and silver at the same time each month. If you are buying high-quality mining shares, the same applies.
ALSO RELEASED: ALERT: Important Update On Gold And The US Dollar CLICK HERE TO READ.
© 2018 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 This material may not be published, broadcast, rewritten, or redistributed.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.