On a day when the Dow surged nearly 500 points, closing above 27,500, this is stunning, plus “We will all suffer from this,” 2nd lowest in a decade as well as gold, silver and mining stocks.
This Is Stunning
June 8 (King World News) – Jason Goepfert at SentimenTrader: This is stunning. At the peak of speculative fervor in February, small traders bought to open 7.5 million call contracts. This week, they bought 12.1 million. Watch what people do, not what they say. They’re full-bore bullish, on steroids. (See below).
ALL-TIME RECORD: Public Buys All-Time Record
Number Of Bullish Call Options
2nd Lowest In A Decade
D. Schrottenbaum, Chief Investment Officer at Private Austrian Bank: Put/call ratio second lowest in a decade…greed taking over (see below).
GREED TAKING OVER: Public Buying Call Options As
Put/Call Ratio Falls To 2nd Lowest Level In A Decade
“We Will All Suffer From This”
Fred Hickey: The Fed’s monumental money creation is the cause of this and other previously unimaginable market distortions. I’ve been investing for 40+ years and markets (if you can even call them that any more) are no longer recognizable – and in the long run, we will all suffer from this…
Billionaire Eric Sprott Buying
To find out which company billionaire Eric Sprott just bought a 12% stake in click here.
Graddhy out of Sweden: Now trying to get back above that 1700 level. (See below).
Gold Battling To Regain $1,700 Level
Graddhy out of Sweden: Last week we got a bearish engulfing reversal right at my 18.50 level. IF we have seen the top for this IC (Intermediate Cycle) then we will probably get a massive pink inverse head & shoulders, where the low for the right shoulder is the ICL (Intermediate Cycle Low). Need to watch this. (See below).
Silver May Form A Reverse Head & Shoulders Pattern
Graddhy also noted the powerful breakout in the HUI Index (Gold Mining Stocks). (See below).
GOLD BULLS IN CONTROL: Powerful Breakout
In The HUI Gold Mining Stock Index
***To listen to Rob Arnott discuss what he expects to see for the rest of 2020 in global markets click here or on the image below.
James Turk On Gold
***Also Released: James Turk – What Is Happening In The Gold Market Is No Accident CLICK HERE.
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