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SentimenTrader Issues Extremely Important Update On Gold & Silver

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Lobo
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SentimenTrader Issues Extremely Important Update On Gold & Silver

Post by Lobo on Thu 14 Apr 2016, 9:44 pm

SentimenTrader Issues Extremely Important Update On Gold & Silver
April 13, 2016

With increased volatility in both the gold and silver markets, SentimenTrader issued an extremely important update on the war in the gold and silver markets.
From SentimenTrader:  The thrust in gold and gold stocks over the past three months has met the conditions of the studies and indicators that we discussed last fall, particularly last November.
By mid-March, several indicators were suggesting short-term extreme optimism and the metals backed off a bit. Since then they have surged again, particularly the mining stocks.
SentimenTrader’s Current Risk Level For Gold

A concern remains “smart money” hedger positions which are at or near multi-year extreme bets against the metals. Gold and silver have consistently pulled back when hedgers have been extremely short but so far they are holding tough.
Gold & Silver Bulls
This is exactly the kind of activity we have been watching since November to suggest a longer-term bull market is underway and so far these markets are following through well.  It’s hard to jump in now with hedgers betting so heavily against them but we won’t be reducing positions in mining stocks unless they fall back below their April low.

SentimenTrader’s Current Risk Level For Silver
King World News note:  The important thing for KWN readers around the world to keep in mind here with the increased volatility is, what is the medium- to longer-term direction that the gold and silver markets are heading?  If SentimenTrader is correct that this is a longer-term bull market move, simply relax and use any significant smashes to accumulate more physical gold, silver, and the high quality mining shares.  You will be glad you did as the bull market advances.

    Current date/time is Tue 21 Nov 2017, 9:38 pm