If you are worried about the action in the gold and silver markets just read this…
Silver Is Impressive
February 18 (King World News) – Otavio Costa: Impressive. This strength of silver has never been so evident. Completely neglecting the recent weakness in gold. A turn for precious metals seems near. Not the time to be shaken out. (See chart below).
To learn which company billionaire Eric Sprott just bought a
$10 million stake in click here or on the image below
CONTRARIAN BUY SIGNAL: Sentiment In Gold
Lawrence Lepard: Hulbert Gold Sentiment:
2/2020 = -28.2
8/2018 = -27.3
10/2016 = -33.2
11&12/2015 = -30.0
In some cases these low readings lasted a few days or in 2015 a month. LL: “I won’t back down.”
King World News note: Sentiment in the gold market is about as negative as you will ever see it. From a contrarian perspective, this is a very good sign that gold is in the process of making a major bottom. More from Fred Hickey below.
Sentiment Bullish For Gold
Fred Hickey: “Sentiment for gold getting very negative (bullish for gold). Gold DSI 23. Went as low as 14 in late-November before 5-week, $170 gold rally … Gold Miners Bullish Percent Index (BPGDM) currently under 38 – bottomed at 35 last November before big gold rally and 17% GDX rally. BPGDM at 100 near August peak. Would like to see one more scary dip (washout) and intraday turnaround. However, this is close enough for me to start nibbling.”
King World News note: These are the times when investors in the gold and silver space cannot let their emotions cause them to make a mistake such as panicking out of high-quality stocks. Instead, focus on the fundamentals and remain patient. In other words, “Be right and sit tight.”
Also released! BRAND NEW: Health, Plus Gold, Silver, Commodities And Inflation CLICK HERE TO READ.
Also released! SPROTT: Silver Demand Will Explode In The Next 10 Years CLICK HERE TO READ.
Also released! Swiss Firm Just Released Major Report: The Death Of Logic CLICK HERE TO READ.
To listen to Dr. Stephen Leeb discuss $200 silver and $20,000 gold CLICK HERE OR ON THE IMAGE BELOW.
To hear Alasdair Macleod discuss why silver is poised to blastoff and what gold and silver traders are watching right now CLICK HERE OR ON THE IMAGE BELOW.
Also released! This Pro Says Dip In The Price Of Gold Is Ironic And Remains Bullish On Gold CLICK HERE TO READ.
Also released! Michael Oliver – Gold Will Reverse Higher With Extreme Speed And Violence CLICK HERE TO READ.
Also released! Gold & Silver Prices On The Verge Of Being Unleashed As Fed And JP Morgan Lose Control CLICK HERE TO READ.
Also released! For Each One Percent Rise This Will Cause A Staggering $3 Trillion In Mark-To-Market Losses CLICK HERE TO READ.
Also released! Greyerz – Yes There Will Be A Historic Crash In Global Assets, But This Is The Real Danger CLICK HERE TO READ.
Also released! WHERE’S THE SILVER? Serious Questions Emerge As SLV Managers Look To Cover Themselves With New Disclosure CLICK HERE TO READ.
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