With silver surging nearly $1.50 in early trading to $21.25, traders and investors just witnessed an event that has only happened for the 2nd time in the history of the silver market.
(King World News) The following is from Jason Goepfert at SentimenTrader: “Short-term optimism on silver is at a maximum. The Optimism Index for (the silver ETF) SLV closed at 100 on Friday, only the second time in its history (see chart below).
The other was June 11, 2007, after which it dropped about 6% over the next week. With Optimism above 95, the fund’s worst performance tended to occur during the next 7-10 days, suggesting a high risk level for those looking to buy into a market that is generating a lot of interest.” The chart and commentary above are from SentimenTrader. To try a free 14-day trial of the internationally acclaimed work that Jason Goepfert produces at SentimenTrader simply CLICK HERE.
***The extraordinary KWN Stephen Leeb audio interview has now been released and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
***One of Bill Fleckenstein’s greatest audio interviews ever has now been released and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
***Also Just Released: China Is About To Shock The World Click Here.
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