With the price of gold hitting new lows recently, today King World News is pleased to share a stunning development in the war in the gold market.
The following charts are from Jason Goepfert at SentimenTrader: Below you can see the commercial hedgers position in the gold market. Note that commercial hedgers now have one of the most bullish postures in the past several years in the gold market (see chart below).
King World News note: The bottom line is the war in gold continues to rage and the commercials are positioning themselves for what could be a significant rally in the gold market. It will be interesting to see how gold trades from current levels.
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.
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