Fred Hickey comments on gold and the US dollar. Also, many have been wondering if the economy is headed into recession. Well, today a major warning indicator just flashed. Look at who is now the most pessimistic about the economy since the financial collapse.
December 13 (King World News) – Fred Hickey on the US dollar and gold:
“Draghi ends ECB’s QE & Fed possibly “pausing” its hiking cycle next week, so is it time for $ to fall from 97+ level (DXY) it’s been unable to break out of for weeks? Net $ Spec futures longs at highest level since Jan. 2016 (fell sharply from there). Gold positioning exact opposite.”
Hickey’s comments regarding gold positioning:
“COT report (thru last Tues.- delayed due to Bush Day of Mourning) showed deterioration in bullish case for gold. Managed Money, though swinging 48.6K positive, is still slightly net short 10K contacts – similar to level in Dec 2015 at gold’s $1050 bottom – but gold’s now $195 higher.”…
NEW KEITH NEUMEYER INTERVIEW:
Keith Neumeyer spoke with KWN about $8,000 & $10,000 price targets for gold and much more, to listen immediately CLICK HERE OR ON THE IMAGE BELOW.
Sponsored
Most Pessimistic Since 2011
Here is a small portion what Jason Goepfert at SentimenTrader noted today: Fewer than 17% of CFOs are optimistic about the economy, the fewest since the third quarter of 2011 (see chart below).
WARNING: CFO’s Most Pessimistic Since 2011, More Than 7 Years Ago!
This is a remarkable about-face from two years ago when more than 64% of them were optimistic (see stunning chart below). There is so much more to this update from SentimenTrader but it is only available to subscribers. To subscribe or try a free two week trial to the internationally acclaimed work that Jason Goepfert produces at SentimenTrader CLICK HERE.
ALSO RELEASED: This Warning Indicator Just Hit The Highest Level In 5 1/2 Years 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 This material may not be published, broadcast, rewritten, or redistributed.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.
