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 contactssimilar to level in Dec 2015 at gold’s $1050 bottom but gold’s now $195 higher.”…

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.

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.

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