Issue #118
Dear Member,
Larry here, with a quick update. Gold and silver are rallying nicely, starting early this morning, with the rally carrying through to the upside after the release this morning of March’s employment data …
Which showed that employers picked up the pace of hiring in March for a third month, with payrolls rising by 200,000 after a 175,000 gain in February.
However, we should expect a slight pullback today and Monday, before seeing more gains ahead for gold and silver. As long as support continues to hold, we should see gold stair-step higher with a target of $1,370 for this leg up …
And silver shooting higher to just over $22.
Separately, you were stopped out of the inverse S&P 500 ETF yesterday, the Direxion Daily S&P 500 Bear 3X Shares (SPXS), for a very modest loss.
Not to worry. Stocks are definitely topping, and I will be looking to recommend re-shorting the market very soon.
Hold all open positions and related protective stops and stay tuned.
Best wishes,
Larry
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