kingworldnews.com
Look at the stunning levels of extreme action in gold, silver, U.S. dollar and the stock market post-election.
Below
you can see the commercial short interest in the gold market. The
commercials have been decreasing their short position as the price of
gold has declined.
Below you can see the sentiment in the gold market, which has reached levels showing extreme pessimism.
The chart below shows extreme pessimism in the silver market as well.
You can also see that large amounts of money have been flowing out SLV, the silver ETF.
You can also see that the U.S. dollar has now reached levels showing extreme optimism (see chart below).
Public Becoming More Bullish On Stocks
For those who are interested in the stock market, check out the bullish
sentiment chart below that shows the public becoming more bullish on
stocks as markets hit new highs.
The
bottom line is that post-election market moves have been extreme and
may be getting close to a reversal in stocks, the dollar as well as gold
and silver. It would also appear that the endless talk about the
commercial short positions in both metals coupled with the bullish
advance coming on the heels of a brutal 5-year cyclical bear market is
keeping a healthy level of “fear” in the early stages of the newest leg
of the bullish advance. So it will be very interesting to see how gold
and silver trade from current levels in the days and weeks ahead.
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