Issue #127
Dear Subscriber,
Let me be perfectly clear: Despite the fact that gold had a nasty move down yesterday and despite the fact that it broke support levels at $1,278 and $1,268 …
All of my models continue to suggest, very strongly, that gold and silver are in a major bottoming phase.
Yes, both metals could fall a tad lower. But mark my words: The next MAJOR moves in gold and silver will find them catapulting towards $1,449 in gold, then $1,600 … and toward $24 in silver, and then even higher.
What will drive the precious metals higher? Everything I have been warning you about, namely, the war cycles and how they are causing geo-political stress all over the globe to dramatically rise.
Yesterday you should have been stopped out of your shares in the VelocityShares 3x Long Gold ETN (UGLD).
Hold all other positions and keep your stops in place. As ugly as gold and silver look right now, the time is rapidly approaching where we will see them blast off to the upside.
Be prepared for new recommendations, which could come at any moment.
Best wishes,
Larry
