Update …

GST Issue #216

Dear Member,

The questions for my upcoming members-only webinar are coming in fast and furious. And for good reason. It seems many of you are also sensing the critical turning points the markets are reaching.

Let’s start with gold. Yes, it can bounce one more time, as I noted in my last issue. But thus far, gold has failed to solidly test underlying support, and instead crept a tad higher, only to also fail and test major resistance.

It’s in no man’s land, but I can tell you this: Gold is preparing for a big move. And the weight of the evidence still points down. If anything changes, rest assured I will be on top of it and will either add to existing bearish positions, or adjust accordingly.

Meanwhile, and I cannot overemphasize this, the stock market has reached a very critical inflexion point. There may yet be one more stab higher, but all available evidence points to a very sharp selloff occurring at any moment.

So here too, I am on top of it, watching it like a hawk, and will either add to existing bearish positions soon, or also adjust accordingly.

Likewise, despite all the pundits who think the dollar has topped, it is showing on my models that a bottom may be in place and that the greenback’s next leg up could unfold at any minute.

Similarly, oil is edging closer to another leg down. So here too, I am ready to alert you to a bearish position to take on, but wait for my signals.

The grain markets have bounced a tad, but remain poised to resume their slide at any minute.

For now, hold all positions and their related stops. And stay tuned. Very tuned. I believe all heck is about to break loose in several markets.

Best wishes,

Larry