The metals market is heating up. Powerful, global forces are kicking in. Major new breakouts are already taking place or in the making. It’s happening now … and it’s happening fast. So before I give you the background, let me jump straight to the recommendations.
Recommendation #1. Watch this video now. Edelson Institute co-founder Martin Weiss and Senior Analyst Sean Brodrick just finished an emergency subscriber conference to present our new forecasts.
If you missed the conference or would like to review it, I urge you to see it now. We’ve just posted the full 20-minute recording to our website moments ago. Turn up your speakers, click here, and it will start playing immediately.
Recommendation #2. If you missed my Flash Alert of Tuesday, Sept. 5, to take profits on palladium, don’t wait. The correction has already begun and you’re running out of time.
Trading instructions: Sell HALF of your position in Palladium bullion at market. Place this trade right away and continue to hold all other positions.
As soon as I get the signal that this correction is over, I will make sure to issue a new buy recommendation in our regular Real Wealth issue or in another Flash Alert. In addition to the metal, I’m looking to recommend a palladium producer that’s likely to rise in value even more rapidly. So stand by.
Recommendation #3. Do not chase the gold market.
In the Real Wealth Basic Survival Strategies portfolio, we already own gold bullion, the SPDR Gold Shares ETF, Tocqueville Gold Fund, Kinross Gold, Goldcorp, IAMGOLD Corp., plus a nice, diversified portfolio of other mining companies.
We’re already enjoying the benefits of this rally. So before adding to our positions, we can afford to wait for the market to come to us. Do not chase it! Now, here’s a quick update …
Gold Market on Fire
With the pace of market activity accelerating, I promised I would follow up on both metals when the time is right. Now that time has come.
As I told you one week ago, the yellow metal has blasted through the psychological $1,300 barrier.
It has eclipsed three intermediate peaks made this year.
It has decisively ended a downtrend that had been in place for nearly five long years.
And just last week, it was catapulted higher by market fears of a North Korean conflict, eclipsing its highs of one year ago.
Our cycles continue to predict a short-term correction. And when it comes, it will be a great buying opportunity. But if it happens later rather than sooner, that’s fine by me. Or if it turns out to be very short and shallow, that’s good too. I repeat: We’re already loaded with gold and gold shares. We make money every day gold rises. So we can afford to wait before adding even more.
Palladium correction began right on cue!
The metal sailed through its $710 high of October 2015, smashed its $910 high of September 2014, and skyrocketed to a 16-year high of $984 on Friday, Sept. 1.
It was up nearly 10% in just one month, 44% since the beginning of the year, and a whopping 108% since it touched bottom in January 2016. If you had invested just $10,000 in the metal at that time, your investment would be worth $20,768. And with some leverage, you’d be looking at $40,000 or more.
That’s good money. Plus, as I told you last week, the cycles were pointing to an imminent short-term correction. Two good reasons to take a profit.
That’s why I sent you a flash alert last Tuesday. And that’s why I told you to cash out of HALF your palladium position.
Now, the correction I warned you about has begun (see chart).
But I repeat: It’s not too late to take half profits. And it’s certainly not too late to jump back in with both feet. Just wait for my signal.
Good investing,
Mike
