Today the gold price fell below $1,200 level but take a look at this.
Volatile Gold Price
August 30 (King World News) – With the price of gold breaking back below the $1,200 level, many investors are concerned that the pain in the gold and silver markets may not be complete…
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.
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KWN has been highlighting the fact that sentiment in the gold market recently hit one of the lowest levels in the past 24 years (see chart below).
Sentiment In The Gold Market Collapsed Near All-Time Lows
But the thing investors need to keep in mind on a day like today is this chart, which shows what hedge funds have been up to in the gold market. Notice that the hedge funds were net short at the end of 2015/beginning of 2016. After that the HUI (Gold Bugs Index) tripled in a matter of months.
The bottom line is there is great opportunity here. As to when the volatility will come to an end, nobody knows. But one thing is certain, there will be a massive rally after this historic bottom completes.
ALSO JUST RELEASED: This Is Why Things Can Change In A Hurry In Major Markets CLICK HERE TO READ.
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