BULLISH

Dec 2 2014

   WOW!  Metals!  Could it possibly be nearing a time to gather a small CORE position in miners?   Or is that just a rotten idea  at this point? I just posted a member report , but I  didnt want to just leave my other friends/ followers who may be unable to sign up at this time  hanging, so I just want to post a quick update. The recent ride in GOLD/SILVER  has been what…Breathtaking to say the least ?  It really has and if you’ve followed my reports then you know that  it has been shake out after shake out (Quite often on Fridays).   I had maintained that these were Bullish when they recovered, so what is going on now?  We had a 1/2 day holiday trading period last Friday … but it got crazy.

BOOM, an $80 move in Gold

I always thought that someday we’d see a $100 dollar move in Gold, but I thought  that we’d see that when Gold was up near $2000 . ..

SILVER was no less exciting

With crazy moves like that it surely can be difficult to navigate through such waters. $Gold is currently down $14 again and  That Silver downward channel in the above chart gets wider and wider. Will the next drop be to $10 like many newsletters are saying?  That would practically line up with  bottom of that channel . And GOLD to $800-$1000?

Oddly though,  Some Miners are back near recent highs already??  This was yesterday, so it COULD be a sign of hope.

This current MONTHLY chart of RGLD (After all the recent shake outs) is showing that it has often held its value since the JUNE 2013 lows

SO go long? Go short?  Where is the opportunity?  I will be posting in my future reports the answer to that question as I see things unfold . I do see opportunities that may be lining up and I actually feel that sometime in DEC a larger move is coming in GOLD/SILVER / And the Miners.

I’m  also interested in the Markets in case we get that end of the year BUYING SPREE that many expect .

I posted these chart s of IWC & IWM in a prior report  NOV 21,  we were at a decision point.

Believe it or not, those prices are the same today as they were then.

  IWC is $73.22 today.

IWM is $116.10   (same as below, Nov 21)

They still may be building steam to break out higher…or will they disappoint?  They are definitely LAGGING SPX, NASDAQ, DJIA .  It should be interesting.

The sale to sign up as a founding member at a discounted yrly price is on until Thursday night, and I hope you can join us and continue to receive the reports for subscribers. I really have appreciated all of the feedback and comments and questions that many have shared here. I think that it has helped me to better explain what I am seeing and help others to view things a little differently too.

It seems that there will be some really good set ups to  examine  in the next month and onward into 2015.  I will occasionally post a publicly here to share some thoughts too, but to be fair to subscribers, some important content obviously has to set aside for them. Thanks for reading along here, it is appreciated!

~ALEX