Issue #134
Dear Member,
Please read the below in detail and follow the recommendations that pertain to your portfolio:
| 1. For members who DO NOT own IAMGOLD Corp. (IAG):Buy 250 shares of IAMGOLD Corp., symbol IAG, at the market. Then place a protective sell stop, good-till-cancelled, at $3.58, stop, limit $3.45.
2. For members who already own IAMGOLD Corp. (IAG): Place a protective sell stop for all of your shares, good-till-cancelled, at $3.58, stop, limit $3.45. 3. For members who own Velocity Shares 3X Long Silver ETN (USLV). CANCEL and REPLACE your protective sell stop in USLV at $35.12. NEW STOP Price: $46.93 STOP, good-till-cancelled. Also note: If you DO NOT already own shares in … — VelocityShares 3X Long Silver ETN (USLV) Wait for my next signals before taking a position! |
Dear Member,
Wow. I have to admit, even I am surprised at how quickly the war cycles — the principal driver behind the new precious metals bull markets — are ramping higher!
And gold is soaring like a bat out of hell. Up more than $50 yesterday alone.
A huge move reminiscent of the blast-off phase in late 1978 when gold exploded from a low of $193.40 in November to a high of $875 in January 1980 — a parabolic 352% move higher in the price of gold in a tad over two short years.
Thus far for June, gold is up an amazing $82, almost 6.7%.
Mining shares are doing even better, with the ARCA Gold Bugs Index up 16.7% … while your shares in IAMGOLD Corp. (IAG) — purchased just 18 days ago — are now up an astounding 19.19% … or even more if you were able to act quickly on that alert (issue #129).
At the same time, silver is also moving higher, soaring from $18.74 on June 1 to as high as $20.92 yesterday, a whopping three week, 11.6% gain.
As a result, your shares in VelocityShares 3X Long Silver ETN (USLV) are now showing an open gain of 24.85%!
Meanwhile, the euro is starting to tank, the dollar is firming up, and your shares in ProShares UltraShort Euro (EUO) and PowerShares DB US Dollar Index Bullish Fund (UUP) are also on the launching pad.
In addition, although the stock market has roared back over the last few days, all of my indicators continue to suggest that a top is forming, and that a sharp pullback in the equity markets can occur at almost any minute.
Bottom line: Hold your shares in the Direxion Daily S&P500 Bear 3X Shares (SPXS) and maintain a protective sell stop at $23.81 on a good-till-cancelled basis.
What to do now? First, let’s take a look at the war cycles
that I have been warning you about and how they
are ramping up all over the globe.
Just consider …
— The new and ongoing tensions between Russia and Ukraine and other former Soviet satellites, and Russia versus Europe and the United States.
— Or the reign of terror by the Islamic State in Iraq and Syria (ISIS) in Iraq. This group of terrorists is so violent and extreme that they were previously kicked out of Al Qaeda.
Yet ISIS is now the most well-funded terror group in the world with nearly $500 million in the bank and it is ravaging Iraq and headed on to Jordan and other Middle Eastern countries.
— Or Nigeria, where Boko Haram Islamists have killed hundreds of villagers and kidnapped hundreds of women by posing as Nigerian soldiers, rounding everyone up, and opening fire.
— Kenya, where the Al-Qaeda affiliate Al-Shabab terrorist group is responsible for the recent bloodbath that took place in Mpekeoni, a well-known tourist area. Where also nine more people have been massacred by Islamic extremists and Al-Shabab in the coastal areas … and an additional 48 World Cup fans were killed in Mpekeoni.
— Pakistan, where more than 70,000 civilians are now homeless refugees, fleeing from government troops who killed 105 militants in North Waziristan’s Shawal area.
— Canada, where a Calgary suicide bomber who killed 19 Iraqis has become a propaganda tool for jihadists, who are urging Muslims to follow his “great example” and threatening Canada to change its “oppressive” foreign policies.
— China, where the Chinese government recently executed 13 people in the Xinjiang region who were found guilty of organizing and leading terrorist groups, as well as murder, arson, theft and other crimes.
— China versus Japan, Vietnam, Indonesia, Malaysia, the Philippines, in an international dispute over the Spratly and Senkaku Islands and their vast oil and gas reserves …
And where China is claiming territorial jurisdiction, seizing land and waters away from countries, a dispute that will ultimately lead to an international war.
— Then there’s Syria, Yemen, Egypt, Turkey, Iran, North Korea, Venezuela, Myanmar, Libya, and a host of other countries where violence is rapidly rising.
All told, there are now a record 61 countries involved in wars and 540 militia, anarchist, religious and separatist groups.
And lest you think the turmoil you are seeing is all terrorist related,
or isolated events that do not impact you, think again:
The rising war cycles are also about bankrupt government
s that are now acting like caged animals,
striking out against their own people …
By raising taxes, engaging in confiscatory wealth measures and capital controls, by spying on their own citizens and more.
Consider:
— Last March’s Cyprus confiscation of depositor wealth to bail out Cyprus’ banks, a policy that has now been embraced and legalized for all of Europe. Have money in a European bank? Good luck, if it goes under, your money is at risk of being confiscated.
— Last September’s confiscation of retirement accounts by Poland’s government. Fully half of all private retirement assets transferred to the state without offering retirees any compensation whatsoever.
— France’s SEVENTY-FIVE percent income tax. And to counter, where France’s Marine Le Pen’s Front National is championing a recent report by well-known French economists that concluded that 60% of French public debt is illegitimate, sowing the seeds for a French sovereign debt default down the road.
— Argentina, where massive sovereign debts are now unpayable, and confiscatory measures against pensions are now in the planning stage by President Cristina Kirchner.
— Or Washington’s incessant spying on YOU, all designed to track everything you do, every penny you spend or squirrel away.
In short, all over the globe the rising tide of geo-political unrest is occurring at a pace at which even I underestimated.
And they are the chief reasons gold and
silver are now starting to explode higher.
And why gold will likely fetch well over $5,000 an ounce a few years from now … silver to more than $125 an ounce … and mining shares, literally to the moon.
That should be patently obvious by now.
My view: We are now witnessing the initial liftoff stage for precious metals and mining shares.
The action will be volatile, and pullbacks should be expected. Nevertheless, all of my indicators and timing models continue to tell me that gold, silver, platinum, palladium and mining shares are all headed substantially higher in the weeks and months ahead …
And that we’re going to be cooking with profits.
Right now, please follow the recommendations in the above table as they pertain to your portfolio.
I have several NEW TRADES coming up, loaded with profit potential.
So stay tuned to your inbox!
Best wishes,
Larry
