Just a short update here. Gold and silver are up nicely this morning, with gold up over $9 to $1,126 as I pen this issue, silver up $0.08 to $14.32. Both are following their cyclic timing forecasts, and are on target for a strong rally into March.
The recommended long positions in UGLD and USLV are moving up nicely as well.
Oil is consolidating this morning, but also remains on track for higher prices heading into March/April, and then May. Hold all oil related positions.
The dollar is a tad weaker this morning, hurting the recommended bearish euro positions. Still, no sell signals have been hit in the dollar, even of the short-term kind, so we will stick with the long dollar/short euro bias and all related positions.
The stock market is down this morning and should be on the cusp of another wild decline. Remain long UVXY with your good-till-cancelled stop in place at $33.58.
The India Fund (IFN) picked up a nice head of steam late last week trading as high as $21.58 before pulling back this morning. Hold with your good-till-cancelled protective sell stop in place at $18.43.
There is not much new in any of the markets this morning. However, my models show volatility and trend accelerations starting on Wednesday. So stay tuned … this week’s action should pick up dramatically, opening up more trading opportunities as well.
Best wishes,
Larry
