Ed Note: Below is a small excerpt from Mark Leibovit’s 12 page The VR Gold Letter
Last weekend I sent a Bulletin reminding you of the previous weeks ‘Sell’ signal for Gold. This was, of course, a trading recommendation, not a long- term recommendation. The ‘Sell’ signal came three trading days ahead of the top which occurred on December 3, but you are still well ahead if you acted on that signal. That signal was generated because of the formation of a Negative Volume Reversal ™, my proprietary indicator. A Negative Volume Reversal ™ is a sign of market distribution which has the potential of defining important market highs.
We are at an interesting crossroad. Though I am still on that ‘Sell’ signal, things can change real quickly around here. A Positive Volume Reversal ™ is certainly one of those things. Stepping back, I can’t help but observe that the sharp and vicious break we saw in Gold and Gold shares since December 3 is quite characteristic of corrections in BULL markets. Bulls who may have been quickly frightened into bears is just what the doctor ordered. It is entirely possible that we begin to rally NOW and either retest or breakout above the December 3 highs. Remarkably, my Annual Forecast Model (Ed. Note: subscribers only) had predicted months and months ago that December 9 might be a low point in the Gold market and sure enough it was a bulls eye call.
The bottom line, folks, is that the party is only beginning for Gold
(Ed Note: specific targets and trading recommendations in Mark’s 12 page VR Gold Letter)
Monthly chart of Gold below.
Weekly Chart Below:
This small excerpt was from Mark Leibovit’s 12 page The VR Gold LetterThe VR Letter is published WEEKLY and Mark Leibvit has been the Awarded #1 Gold Timer by Timers Digest in 2007, 2008 and is in postition to win 2009 with his fine Gold forecasts throughout the year so far including Gold zooming to another new High of $1,131 in tonights overnight trading. Money Talks highly recommends subscribing to Mark’s Gold
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