Sunday, March 6, 2016

ALERT: Important Update On The Fierce Battle In The Gold And Silver Markets

"Below is an important update on the war that is raging in the gold and silver markets.
The following charts are from Jason Goepfert at SentimenTrader.
King World News note:  Below you can see the commercial hedgers position in the silver market market.  Note that commercial hedgers covered a bit of their short positions on the recent action in the price of silver (see multi-year chart below).
KWN SentimenTrader I 3:5:2016The commercial shorts remain at a level (real-time) that raises serious concern.  In fact, the commercials are still close to one of their largest short positions in history.  The last time the commercials held this large of a short position in silver was in 2008.  Again, that does not mean that the price of silver cannot head significantly higher in the short-term..."

No comments:

Post a Comment