12264 Views September 09, 2015 GOLD, KWN, KWN II King World News
With the U.S. Dollar Index surging above 96 and gold trading near $1,100, today King World News is pleased to share a piece which takes a remarkable look at the war in the U.S. dollar and gold markets. This piece also includes four key illustrations that all KWN readers around the world must see.
King World News note: This astonishing chart from SentimenTrader shows that the U.S. dollar hedgers have been covering shorts into the recent weakness in the dollar. They are now clearly off of one of the most bearish postures in past 30 years, where they were betting on a significant dollar decline. However, it is important to note that they are still net-short the dollar (see chart below).
King World News note: What is interesting is that even as the war in the dollar rages, the public is extremely pessimistic on where the price of gold is headed and that is very positive from a contrarian perspective (see chart below).