The Surprising Reason Why Commercial Hedgers Will Stun Traders By Pushing The Gold Price Higher In Coming Weeks

"With gold and silver surging strongly on Friday’s U.S. Jobs Report, today King World News is pleased to share a piece which takes a remarkable look at the war in the gold market.  This piece also includes two key illustrations that all KWN readers around the world must see.

Jason Goepfert at SentimenTrader:  “Their (commercial hedgers) net position in gold is the lowest since June. In recent years gold hasn’t topped out until hedgers had reduced their position by much more than they have in recent weeks (see chart below).”

King World News note:  You can also see that even with the latest rally in gold, sentiment still remains at “excessive pessimism” levels.

King World News note:  This excessive pessimism also bodes well for the price of gold."

at  http://kingworldnews.com/the-surprising-reason-why-commercial-traders-are-going-to-continue-to-push-the-gold-price-higher-in-coming-weeks/