The short squeeze in the gold market continued after the Comex close. Gold has now surged above $1,430 but it may be set for even bigger gains.
Golden Regime
July 3 (King World News) – A portion of a very important update on the gold market from Jason Goepfert at SentimenTrader: “Investors behave differently in bull markets than they do in bear markets. That’s a rare heuristic that tends to hold true across markets, and across time.
No Market Reflects That More Than Gold
Regime changes are infrequent, and among the most challenging aspects of being involved in markets, since what worked recently simply stops. Extreme becomes more extreme. Right now, no market reflects that challenge more than gold…
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In recent days, the Optimism Index (Optix) on the metal has climbed into the mid-60s. Over the past 7 years, the Backtest Engine shows that a reading this high led to further gains in gold only 29% of the time. That’s assuming we’re in the same environment as we’ve been in for 7 years, and there are good arguments why that might not be the case.
If it’s not, then we should expect the Optix to move into the 70-80 area to indicate temporary excess.
In Gold Bull Markets Optimism Readings Increase
18.7% Gain For Gold 12 Months Later
King World News note: The chart and table below shows significant gains in the gold market one year after this signal was given in 1976, 1978, 1986, and 2006. Gold averaged a staggering 18.7% gain 12 months later!
Gold Averaged A Staggering 18.7% Gain In 12 Months!
King World News note: Goepfert included more commentary and charts in today’s special report, but that is reserved for SentimenTrader subscribers. To subscribe or try a free two week trial to the internationally acclaimed work that Jason Goepfert produces at SentimenTrader CLICK HERE.
TURK’S PRICE TARGET: The Real Short Squeeze In Gold Is Now Underway
READ THIS NEXT! LOOK AT HIS PRICE TARGET: James Turk – The Real Short Squeeze In Gold Is Now Underway, Plus A Look At A Serious Collapse CLICK HERE TO READ
***KWN has now released an extremely important audio interview with Dr. Stephen Leeb discussing why he believes that the price of gold will soar above $10,000 and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
More articles to follow…
In the meantime, other important releases…
ALERT: This Is A Huge Warning As Gold Surges Back Above $1,400 CLICK HERE TO READ
Multi-Billionaire Hugo Salinas Price Just Warned This Is What Has International Bankers So Worried CLICK HERE TO READ
First Time In 80 Months! Plus Gold Is Rising In Popularity But Here Is Why You Don’t Have To Worry About Silver CLICK HERE TO READ
Astonishing Look At The Fierce Trading In Gold, A Major U-Turn By This Central Bank And Trouble Brewing In The US And China CLICK HERE TO READ
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