from KingWorldNews:
Today
Ben Davies told King World News that we may well be seeing a “V-shaped
bottom” in the gold market right now. But first, here is what the
rising star had to say about the recent smash: “It feels like a smash
to some extent. I think that’s because the market had been trading
sideways for a while, so the release lower feels much more aggressive
than perhaps it is. We’ve ostensibly come off about 5% or 6%.
Not withstanding that, it still feels quite aggressive. It’s disappointing for the bullion participants there is no doubt about it. When a market is giving you the best fundamentals in the world to be invested in, but is consistently showing a poor response to bullish news, you have to take note.
I believe when I last came on (to KWN) last time we talked about our trend system being ‘trend ready.’ The markets released lower, and now we’re into extremes that I haven’t seen in terms of sentiment since 1993 and 1997…”
Ben Davies continues @ KingWorldNews.com
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Today
Ben Davies told King World News that we may well be seeing a “V-shaped
bottom” in the gold market right now. But first, here is what the
rising star had to say about the recent smash: “It feels like a smash
to some extent. I think that’s because the market had been trading
sideways for a while, so the release lower feels much more aggressive
than perhaps it is. We’ve ostensibly come off about 5% or 6%.Not withstanding that, it still feels quite aggressive. It’s disappointing for the bullion participants there is no doubt about it. When a market is giving you the best fundamentals in the world to be invested in, but is consistently showing a poor response to bullish news, you have to take note.
I believe when I last came on (to KWN) last time we talked about our trend system being ‘trend ready.’ The markets released lower, and now we’re into extremes that I haven’t seen in terms of sentiment since 1993 and 1997…”
Ben Davies continues @ KingWorldNews.com
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