Issue #89
Dear Member,
There is no question that the markets have been tough of late. Choppy, directionless, and no follow through in any direction.
And there is no question that the Gold and Silver Trader track record stinks. Period.
But according to all of my research and forecasting models, there is also no question that the markets, nearly all of them, are on the cusp of major trend changes.
In gold and silver, an imminent move to the downside is still in the cards for this month. Indeed, gold is down nearly $7 as I pen this issue, while silver is down almost $0.24.
If we don’t get a washout low this month — below $1,180 — then the final lows for gold and silver, when they come during the next cycle target in May, will be all that much worse, shaking out the majority of investors.
I have absolutely no doubts in my mind, none at all, that I will be able to catch it for you, and then, the inevitable turn higher.
My goal for this service is to help you double your money over the next 12 months, and then double it again in the following 12 months.
I am more dedicated than ever. And while it may seem like a far fetched goal, given the recent poor performance, I am fully confident I can do it.
Right now, there is little in the way of new action to take. We must be patient. We must strike at the right time.
Hold your position in the inverse fund, the PowerShares DB Gold Double Short ETN (DZZ), with your protective stop in place at $5.52 on a good-till-cancelled basis. Also hold your original 50 shares in Velocity Shares 3X Inverse Gold ETN (DGLD), with a protective sell stop at $68.99, good till cancelled.
In the stock market, I am confident that it’s nearing a major top, one that will be followed by a sharp, sudden selloff, and then, like gold and silver, an inevitable turnaround back to the upside.
Therefore, also hold your ProShares UltraPro Short S&P 500 (SPXU) (SPXU) ETF with a protective sell stop at $14.67, good till cancelled.
If I see follow through to the downside in gold and silver, don’t be surprised if I recommend adding back some bearish positions.
Stay tuned and best wishes,
Larry
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