With some of the most stunning readings in the history of the gold market, today King World News is pleased to share an important piece that addresses what has the gold shorts so worried.
“The war on gold conducted by idiots at the Federal Reserve is failing.”— Michael Belkin, the man who advises the most prominent sovereign wealth funds, hedge funds,
and institutional funds in the world.
The following commentary is from Jason Goepfert at SentimenTrader: “Kick’em while they’re down. This is only the third time since 1996 that the HUI Gold Bugs Index lost 4% or more when the Optimism Index on gold was below 15 (see chart below).
The others were 6/26/2013 and 8/13/2015. There were 10 times it happened when the gold Optix was below 20. Over the next two months, the maximum loss in HUI averaged -4.6% while its maximum gain averaged +16.3%.”
King World News note: It is important to keep in mind that the sentiment levels above are some of the worst sentiment readings in the history of the gold market.
***This commentary is just a portion of one of the latest fantastic reports. To try a free 14-day trial of the internationally acclaimed work that Jason Goepfert produces at SentimenTrader simply CLICK HERE.
***To hear Dr. Stephen Leeb’s powerful audio interview CLICK HERE OR ON THE IMAGE BELOW.
***ALSO JUST RELEASED: James Turk – Oil Plunges 6 Percent To New Lows But What About Gold And Silver? CLICK HERE.
***To listen to billionaire Eric Sprott discuss this week’s panicked trading and what’s directly ahead, you can listen to his extraordinary KWN audio interview by CLICKING HERE OR ON THE IMAGE BELOW.
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