Today KWN is putting out a special piece which has some absolutely remarkable gold & silver charts that were sent to us by David P. out of Europe.
The following gold chart which starts at the beginning of 1974 shows the MACD indicator on gold has never been this oversold in history:
Turning to silver, it is also at the most oversold level in history, slightly eclipsing the oversold level from 31 years ago. The plunge you see on the left hand side of the chart took place from 1980 to 1982. As mentioned, silver has now eeclipsed the most oversold level in history that was last seen in 1982 (see chart below).
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