Issue #110
Dear Member,
Following on the heels of Monday’s special issue, combined with hawkish interest rates statements from Janet Yellen yesterday, gold and silver are plunging this week.
Gold is down almost $70 since Monday’s high, a whopping 5% in just over three trading days. Silver is down nearly $0.50, or 2.2%.
None of this should be surprising to you. Per Monday’s special issue, I am watching gold and silver like a hawk right now. The action we are seeing now will go a long way towards helping us determine whether or not gold and silver bottomed for good last December …
Or, we are forming a new leg to new lows.
Stay tuned. Trades in gold and silver can come at any time.
If it looks like the metals are going to stabilize here, I will not hesitate to go long. Or, we may end up letting the metals bounce, and then take on new bearish positions. Either way, let me see how the patterns unfold and I will immediately alert you if there is a good low risk trade.
New opportunities are also coming up in beans, in ags in general, even in sugar. Not to mention a possible very bearish scenario for the stock market.
Hold all positions and related protective stops. And I repeat, stay very tuned in.
Best,
Larry
