With the Fed two days away from making a key decision on interest rates, today King World News is pleased to share a piece which takes a remarkable look at the war in the gold market. This piece also includes two key illustrations that all KWN readers around the world must see.
Jason Goepfert at SentimenTrader: “The latest Optimism Index updates for currencies and commodities showed the most notable change in gold. The Optix is down to 13, among the lowest readings in the past decade (see chart below).
There is no question this is bear-market sentiment, but even so it has reached a stage that has typically led to multi-week to multi-month rallies in the metal and related stocks.”
King World News note: The chart below shows that despite the extreme pessimism, the commercial hedgers are now in one of the most bullish setups in the past decade (see chart below).
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: The Secret Operation Behind Closed Doors And A Clear Sign The Monetary System Is In Danger CLICK HERE.
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