On the heels of the gold and silver markets surging and worry about global stock markets taking center stage, we are now seeing historic moves in the gold market.
From Jason Goepfert at SentimenTrader: Fear gauges are perking up. The VIX just crossed above its 200-day average for the first time in more than 100 days, and on Tuesday gold joined it. Gold is sometimes referred to as a safe haven, even though it often doesn’t deserve the title. Even so, it is now above its long-term trend for the first time in more than 100 days, the 4th time it has seen an end to a prolonged downtrend in the past few years…
To find out which high-grade silver mining company billionaire Eric Sprott just purchased
a nearly 20% stake in and learn why he believes this is one of the most
exciting silver stories in the world – CLICK HERE OR BELOW:
Gold Sees A New Uptrend
Jason Goepfert at SentimenTrader continues: We saw yesterday that the VIX “fear gauge” finally popped above its long-term 200-day moving average for the first time in more than 100 days. Not coincidentally, another market that is commonly considered a proxy for the fear trade is gold, and that, too, just ended a long streak below its long-term average.
Tuesday’s rally in the metal pushed it above its 200-day for the first time in 108 sessions, closing the book on one of its longest periods below average in the past 40 years.
The yellow metal closed above its long-term average for the first time in 108 days
…One interesting wrinkle is that this was the 4th long streak below the 200-day average since 2012. There were two other times when gold had 4 long streaks below its average over a several-year stretch … The end of the 4th streak led to better gains, in April 1993 and March 2001. Gold continued to rally for the next couple of years, at least, after each of those. For those who try hopping on a new uptrend above the 200-day, perhaps “fool me four times” is enough.
The charts 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.
***KWN has just released the powerful KWN audio interview with the man who counsels the biggest money on the planet, Michael Belkin and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
***To listen to the powerful KWN audio interview with Larry Lindsey that has now been released CLICK HERE OR ON THE IMAGE BELOW.
***ALSO JUST RELEASED: This Will Immediately Signal That Gold Is About To Spike To $1,700 CLICK HERE.
© 2017 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the articles is permitted and encouraged.