Dont worry – There’ll Be Another One

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JUNE 13 -  Update If you had a chance to read my last 2 reports discussing Gold/Miners , then you know I was expecting a low almost immediately and possibly even what we call an ICL  (A Very Meaningful Low that produces a Nice invest-able rally).  Almost EVERY newsletter I read insisted that we remember that due to Golds "Seasonality" and that "Gold always bottoms in the Summer", we should   'go short' or wait.    '$Gold $1000.00  ' was and still is everywhere.   As someone who likes to be a contrarian, I posted this chart to show that anything is possible  ( Notice that $HUI Bottomed 2 yrs in a row in MAY)  and  I mentioned that I was seeing a bottom closing in rapidly.  Many Miners were forming Lows using various indicators that I use and Bases were forming also.  My last report advised that I was getting  ready for a rally, and you may want to think twice about shorting.   MINERS bottomed in MAY 2 yrs in a row-   DOUBLE BOTTOM   Immediately after posting my report , we saw a rather striking Rally in Miners, especially Juniors.  Some say its "Only short covering", is it?  Will it pullback soon?  Should I go short, or just buy a pullback? Was THIS the Train leaving the station & did I miss it??  Lets review...   Read More

Lets Look At GOLD For A Minute

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June 10 2014     Questions - Questions - Questions! There are many when it comes to the illusive Precious Metals Market!  Will it Bottom this summer? Has it bottomed yet? Is the Bear Sell off done or are we going to $1000.00?  Honestly, I dont think anyone can know the answers to those questions for certain , so instead of emphatically insisting that "Its this..."  or  "Its that...",  Lets just look at some charts and discuss a few things that we can look for (And maybe we should look out for) going forward.   First - Most know from prior reports (See the Learning Patience article) that I had been expecting a low here, and we are there now. I am uncertain, however, as to whether its THE MEANINGFUL LOW that I expect with a great rally to follow, or just a bounce & one more drop to that ICL (The meaningful Low) .   For starters we are still in this down trend, so even if if we bounce as far as $1290 , $Gold could still drop further.   $GOLD If we start to drop here & now, even spike down, do you want to go short? You may want to consider this first... Read More

Caution: Sometimes It only looks comfortable

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June 9,2014   ...  Continuation of the earlier report  The reason that I want to mention possible long set ups (Even though I expect a dip in the major indexes)  is that    1. Some do not like to short the markets , and they've been very difficult to short anyways.      2. if the Markets do correct, these set ups can be checked during the correction for possible strength - IF they just go sideways or pull back mildly AND  the Markets just put in  a normal correction, they may become buy candidates . I also expect MANY MORE set ups will develop as overextended rallies in individual equities correct.  I will cover those in the future.      At this point, please note Biotech...   BIOTECH - The "report" is written on the charts  (May pull back with the markets, though it did already Correct strongly) I would expect it to return to the break out around the 50sma   IBB   After that HUGE correction...Some Biotechs are recovering   LCI   So Are there others  setting up bases & breaking upwards too ?? Read More