Issue #124
Dear Member,
This morning, on the very first day of May, silver got hit with a wave of selling, taking out last June and December’s lows. Interestingly, silver has done this right in line with my prior forecast for a major low this May.
Meanwhile, gold, while down again this morning, remains roughly $100 above its equivalent June and December 2013 lows. This is very significant.
It could mean that gold and silver are now setting up a bearish non-confirmation, whereby silver has made a new cyclical low, while gold has not, and this would be EXTREMELY BULLISH.
It’s too early to say for sure, but we will know soon.
If, on the other hand, it looks as if gold is also going to fail, don’t worry. I will recommend you play the metals for one last decline, and then, I will be screaming “BUY” from the rooftops.
If the recent action, however, does turn out to be a bearish non-confirmation, I may recommend buying gold and silver hand over fist any minute, so please stay tuned to your inbox.
The action in gold and silver is extremely important right now, and whether we get new lows or not, it’s potentially VERY, VERY BULLISH. It’s now merely a question of price levels, more so than actual timing.
Hold all positions with your stops in place, and I repeat, stay tuned!
Best,
Larry
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