The war in gold and the U.S. dollar is continuing to rage as we head into 2016.
The charts below are from Jason Goepfert at SentimenTrader.
King World News note: Below you can see the commercial hedgers position in the gold market. Note that commercial hedgers have been covering their short positions on the recent decline in gold and that they remain in one of the most bullish positions in the past decade (see chart below).
The 22 year chart below shows commercial hedger positions in the U.S. dollar. Note that commercial hedgers are still short the dollar from a historic perspective (see chart below).
King World News note: It will be interesting to see how the dollar and gold trade at the start of 2016, especially considering the positioning of commercial hedgers.
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: Gold Near 70-Year Breakout As Carnage In Crude Oil Continues CLICK HERE.
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