Sadly, Larry Edelson, the former editor of Supercycle Trader, passed away recently and with his passing, I have lost both a friend and a great mentor.
(For Larry’s parting words to his members, published posthumously, please go here.)
Today, I’d like to reflect on the great legacy Larry left us – his parting gift to Supercycle Trader members – and most importantly, brief you about what you can expect from us moving forward.
A wonderful teacher and friend …
I met Larry my very first day at Weiss Research back in 2002. He was already a larger-than-life personality, but always took time out to tutor us with his unique view of the markets.
Larry taught me a great deal about markets and investing over the past fifteen years; about taking the long view to identify big, macro trends. An avid student of history and the cyclical nature of markets, he taught me the value of evaluating markets from a historical perspective.
Larry firmly believed there is nothing new in financial markets that hasn’t happened before. History does repeat itself, he declared. By understanding previous boom and bust cycles, and the conditions that caused them, you can anticipate what’s just ahead and invest accordingly.
In fact, the recurring, cyclical nature of financial markets is a perfect reflection of its participants; millions of individual investors collectively making value judgments every single day.
“Markets are much more than numbers…” Larry would say, “markets are people… it’s all about people.”
Fortunately, thanks to Larry’s dedicated mentoring over the 15 years I worked closely with him – plus my own 30 years of investment experience – I am completely prepared to step in and hit the ground running as your new editor.
Larry’s legacy to investors …
We are all very fortunate that Larry had the great foresight to pass along his life’s work – his detailed study of cycles over more than four decades – for our benefit, and as his legacy for future generations of investors.
During his long and distinguished career at Weiss, he worked tirelessly to quantify and catalog historical cycles stretching back hundreds and even thousands of years.
Larry combined this with computer-driven cyclical pattern recognition across hundreds of markets and individual securities. Plus, he added his own unique methods of technical analysis, to produce one of the most effective trading tools I have ever seen: His Artificial Intelligence Neural Net model, with the power to indicate expected cycle highs and lows in stocks, bonds, commodities, currencies and more.
Larry devoted the last three years of his life pouring himself and his vast investing experience into this one-of-a-kind computer model. And as my mentor of 15 years, he entrusted me with his most closely guarded secrets and strategies for reliably detecting key market turning points.
In tribute to Larry, we simply call it the Edelson Wave Model.
The proof of Larry’s model is in the consistent profit potential it generates.
You’ll recall that most analysts on Wall Street were recently calling for crude oil to break out to the upside with calls for $60 a barrel oil as a result of the OPEC agreement to limit production. But Larry was not one of them.
Thanks to his cycle model, Larry steadfastly and correctly disagreed with Wall Street. His own research pointed to a break-down in oil below its recent trading range.
Sure enough, crude oil plunged nearly 15% over the last few weeks, right on cue with Larry’s model. Supercycle Trader members cashed-in on Larry’s analysis with a well-timed trade on ProShares UltraShort Crude Oil ETF (SCO), which is now fast approaching our profit target with growing open gains of 26%!
Larry also correctly called – and you profited from – the rally in gold and silver with multiple rounds of profits earned on the ProShares Ultra Gold (UGL) and VelocityShares 3x Long Silver (USLV) ETFs, once again thanks to Larry’s E-Wave model.
Then Larry’s cycle model deftly and accurately changed course, alerting us to a bearish non-confirmation between gold and gold mining stocks. While gold prices moved higher, gold mining shares started moving the opposite way, signaling that a correction was likely.
Right on the money again, as mining stocks led gold and silver into another correction. This earned you gains of 37% from the Direxion Gold Miners Index Bear 3x ETF (DUST).
Granted, the E-Wave model isn’t infallible, because no trading system can be perfect all the time. In fact, members were just stopped out of our Direxion 20-Year Treasury Bull 3x ETF (TMF) with a small loss of 7%.
But right up to his final days, Larry worked tirelessly to perfect his E-Wave model and generously pass on his life’s work to Supercycle Trader members and to future generations of investors.
Although Larry is gone, and will certainly be missed, his life’s work lives on. We will keep receiving his real-time guidance and forecasts for years to come from the E-Wave model he created.
Our mission now is to fulfill Larry’s legacy and his last request: To constantly work at enhancing the effectiveness of his proven, and profitable E-Wave model, that is our primary focus and promise to you.
Moving Forward: The Edelson Institute
To make sure you will continue to benefit from the power of his wisdom and forecasts for many years to come, Larry insisted that we establish a new division of Weiss Research, named The Edelson Institute.
I’m both honored and thrilled to carry on Larry’s enduring legacy as Executive Director of the Edelson Institute. By my side will remain Larry’s longtime associate editor and trading analyst, David Dutkewych.
Plus, Larry insisted that you be given a complimentary Founding Membership in The Edelson Institute with full and free access to all member benefits as long as your membership in Supercycle Trader remains in force.
Your special welcome package will be mailed to you on Tuesday, March 21 from The Edelson Institute containing your new member materials.
You will also receive Larry’s Neural Net charts on three actionable trades with the potential to produce very exciting gains for you.
I think you’ll be thrilled by what you see. It’s Larry’s parting gift to you. And it’s a fitting tribute to a great man.
Good investing,
Mike Burnick
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