With the gold and silver markets surging since the Fed’s decision to keep interest rates unchanged, today King World News is pleased to share a piece that illustrates commercial hedgers have become even more bullish on the price of gold. This piece also includes a key illustrations that all KWN readers around the world must see.
Jason Goepfert at SentimenTrader: “The latest Commitments of Traders report showed that large hedgers added the most aggressively to gold…
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SentimenTrader continues: “Their net position in gold futures is back to a near-record level (see chart below).”
King World News note: The commercial hedgers now have one of the most positive trading positions in gold in the past decade. This translates into one of the most bullish setups for the gold market in the past 10 years when looking at their positioning in the COT.
***KWN has now be released the incredibly powerful Eric Sprott audio interview. Sprott discusses the coming financial carnage, a shocking event that only occurs once in 333 million lifetimes, a gold and silver tsunami, why the endgame will be so incredibly destructive, what people can do to protect themselves and much more, and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
***ALSO JUST RELEASED: Billionaire Eric Sprott Warns This Could Turn Into Armageddon For The Gold Shorts CLICK HERE.
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