Below is one of the most interesting gold and silver reports King World News has ever released. It gives KWN readers around the world a look at what the big money is watching in the gold and silver markets and that includes one of the most extreme readings in history which has taken place in the silver market.

July 18 (King World News) – King World News note:  Below you can see the latest report showing commercial traders have reduced their net short positions in the gold market considerably:

10 Year Chart Shows Commercials Covering
Gold Short Positions On The Latest
Takedown In The Gold Market

The multi-decade chart shows commercial traders have moved back to a neutral position in the gold market. It is possible the gold market may bottom here, but commercial traders typically have short positions of less than 100k at major bottoms and we are not quite there yet. Next week’s report may show commercial traders finally back below the 100k net short level. KWN will continue to keep our global readers informed when this takes place.

The Multi-Decade Chart Shows Gold Short
Positions Back In Neutral Territory

The negative sentiment in the gold market is now signaling the market is seeing some level of capitulation. This is a positive sign from a contrarian perspective, especially now that negative sentiment has reached “extreme” levels.

The Negative Sentiment In The Gold Market
Has Reached “Extreme” Levels Which Is A
Very Gold Contrarian Indicator

Billionaire Eric Sprott is a big investor in this remarkable silver company click here or on the image below

The setup in the silver market has turned extremely bullish in terms of the latest report. Commercial traders are now in one of the most bullish postures in the past decade.

The Commercial Traders Are Now In One
Of The Most Bullish Positions
In The Last Decade

Below is a multi-decade look at how 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

The long term chart shows the negative sentiment in the silver market has now reached one of the most “extreme” readings in history. This is very bullish from a contrarian perspective because it shows capitulation is already taking place.

Long Term Chart Shows The Negative Sentiment
In The Silver Market Has Now Reached One
Of The Most “Extreme” Levels In History

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.

ALSO JUST RELEASED: WORSE THAN 2008: The Financial World Is Facing The First Chapter Of A Global “Uh-Oh Moment” CLICK HERE.

***To listen to Dr. Stephen Leeb discuss why the West’s takedown in the gold market will fail CLICK HERE OR ON THE IMAGE BELOW.

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