With gold trading below $1,170 and silver near $15.75, today King World News is pleased to share an important piece that discusses the silver market. This piece also includes a key illustration that all KWN readers around the world must see.
October 21 (King World News) – Jason Goepfert at SentimenTrader: “The latest Optimism Index readings for currencies and commodities showed some of the largest increases in the metals. As noted last week, when optimism nears 50 during a bear market, it has usually marked the end of bear market rallies. Optimism on gold jumped anther 7% to 42%, but on silver it has reached 62% (see chart below).
The past three years are shown (above), and we can see that silver has had a tough time holding on to its rallies when optimism reaches this height. If silver can hold strong or even add to its gains in the coming weeks, then it will be an excellent sign that the trend has changed and the bear market has ended.” These charts are 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.
***ALSO JUST RELEASED: Yes, Central Planners Are Trapped But Here Is The Real Worry CLICK HERE.
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