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Market Alert #2
April 15, 2013, 12:34 PMToday we sent out two Market Alerts. We need to leave the details to our subscribers but here are a few quotations that you might find useful. For reference, the Market Alert that we sent out on Friday was the most bearish one ever.
No matter if we take gold from the USD perspective, average non-USD perspective, or gold priced in individual non-USD currencies, we will see that the price has broken below the key support levels. The question that we would like to discuss in today's message to you is if the bull market in gold is over, as some media commentators suggest.
No. It's not over.
Even the greatest of bull markets can at times decline significantly with no particular logical reason. We know that something like that happened over 30 years ago during the previous bull market when the price of gold dropped by almost half before it moved to the high that was multiple times the previous one. Finally, we are not thinking that the fundamental situation is now less favorable for the precious metals than it was in the previous months. With QEs being launched almost regularly now, it doesn't take a lot of analysis to figure out that the precious metals sector almost has to move higher eventually. The key point here is that the current decline - how bad it might appear - is in all likelihood not the end of the current secular bull market in the precious metals.
Today's Market Alerts include also the following:
1. Price targets for the current decline for gold, silver, and HUI Index
2. Trading suggestions (when exactly should you switch from the short position to the long one - different conditions for different parts of the precious metals market)
3. Plan for getting back on the long side of the market.
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Premium Update
April 12, 2013, 9:25 AMIn today's Premium Update, we analyze gold’s competitor, the would-be ultimate currency, independent from banks and governments, that rallied heavily this year and reached $266 only to fall to $65 in a matter of days. We also reveal:
- Is the usual negative correlation between gold and Dollar coming back?
- Self-similarity between historical and present-day patterns
- Have gold and silver confirmed any breakdowns yet?
- Long-term target area reached by Euro
- Breakout in the S&P 500, or is it?
- Strong breakout in the Broker Dealer Index chart
- An update on the situation in mining stocks
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