I just arrived in Palm Beach Gardens after an exhausting 50-hour door-to-door trip from my home in Bangkok to my hotel here. Twenty-four hours of flying time plus almost 26 hours of layover time in Abu Dhabi and JFK airport in New York – all due to the large U.S. weather mess this week. What a trip!
So why did I make such a long, exhausting journey? The primary reason: I’m here to spend a few months working closely with my colleagues at Weiss Research as we continue to build the strongest infrastructure possible for the future growth of my Supercycle Trader and Real Wealth Report franchise.
My research is widely followed. My track record, superb. We’re growing by leaps and bounds. And as one seasoned and very well-known financial publisher recently wrote to me, “Larry, your work is the best I have ever seen in my 40+ years in the industry, including the profits you’re making your subscribers.”
I aim to keep it that way and even expand on it. With new areas of profit opportunities. New investment vehicles. No matter how many tens of thousands join us!
Right now, let me catch you up on the markets and what my models are telling me. The bottom line, first: There are no changes. The models are working right on cue, and all forecasted trends remain in motion.
Let’s start with gold and silver: Nice rallies are starting to shape up in both, with gold and silver reaching as high as $1,128.00 (February futures) and $14.58 (March futures), respectively, this week, before settling down a bit, but preparing for the next leg up.
This is good news for UGLD and USLV, so hold those positons. Keep in mind the cycles for gold and silver point higher into later March.
Crude oil: Are we nailing black gold or what?! Since I published the cycle forecast chart here well over a week ago, oil has soared from a low of $27.56 (March futures) to $33.30 as I pen this issue, a 20.8 percent gain.
You are long shares in UWTI and the April $9 and $12 call options on UCO. These options are starting to come back nicely. Oil has much more to go on the upside – to the $40 level at least – so hold UWTI and the UCO call options if you are trading options.
Stock market: Wild and wooly? You bet. Up 100 or more points one day, down 100 or more points the next. Overall intermediate-term trend: Still lower, even though the previously mentioned sell signals have not yet been hit.
Hold UVXY with a good-till-cancelled protective sell stop at $33.58. I may soon elect to add more bearish positions on the stock market as the cycles still point lower into late April.
Euro: Unfortunately, still biding its time, largely trading sideways. Conversely, the dollar is doing the same. No change in trends, however. The euro is still headed lower, the dollar higher.
Hold EUO with a good-till-cancelled protective sell stop at $24.33. If you are trading options, hold your February $28 EUO call options as well as the January 2017 $28 EUO call options. The former does not have much time to go, but can still bounce back. The latter have almost a year to go and I am confident they have the potential to spin off gains in the four-figure realm.
The India Fund Inc. (IFN): Is holding its ground quite nicely, forming a base for a large move higher. Hold!
There’s a lot of background noise in the markets, especially from the FOMC and ECB this week. Keep it in mind for what it is: Background noise. All so-called experts don’t have a clue what’s going on in the global economy no less any of the financial markets.
They can’t. Better than 99 percent of them have never even traded a single share of stock or a commodity. Without that kind of experience, no matter how many Ph.D.s one may have, you will never understand how markets and economies work.
Until next week …
Best wishes,
Larry
