Daily Updates
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Get an Update on Mark Leibovit’s signals below at the World Outlook Conference February 11th and February 12th in Vancouver and of course you’ll be able to get access to that on the internet.
Current TIMER DIGEST Signals:
Stocks – Bull – Remain on ‘Buy’ signal, but look for a pullback to
establish new positions. Volume has been slowing to the upside the past
three sessions.
Gold – Bull – I told you a breakout could send Gold to next the 1390s
and in Silver up to the 29.90s. Well, Silver exceeded that target and
Gold is apparently on its way. Look for a minor pullback here.
Seasonality factors positive for Gold and Silver for part or all of
February, but then we could experience weakness based on ‘seasonality’.
Bonds – Bearish – Bonds continue to deteriorate (higher interest rates)
which is confirmation of an economic recovery and inflation. Bonds are
short-sale on a healthy technical bounce, but will we get it?
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Volume Slowing Into New Bull Market Highs – Wait For A Pullback!
My book ‘The Trader’s Book of Volume’ (published by McGraw-Hill) is now
available.
Here is the link to Amazon.com:
http://tinyurl.com/2a494fb
Behind the Curve. Behind the Commodity Dollars.
Today’s OTB features an excerpt from my friend Vitaliy Katsenelson’s recently published The Little Book of Sideways Markets. Vitaliy is CIO at Investment Management Associates, a value investment firm in Denver, and he is a prolific and engaging writer (you can find and subscribe to his articles at http://ContrarianEdge.com). I had the pleasure of writing the foreword to Vitaliy’s book, and here is a brief excerpt:
“Markets go from long periods of appreciation to long periods of stagnation. These cycles last on average 17 years. If you bought an index in the United States in 1966, it was 1982 before you saw a new high – that was the last secular sideways market in the United States (until the current one). Investing in that market was difficult, to say the least. But buying in the beginning of the next secular bull market in 1982 and holding until 1999 saw an almost 13 times return. Investing was simple, and the rising markets made geniuses out of many investors and investment professionals.
The way the media is covering it, soaring food prices have come out of nowhere and caught almost everyone by surprise. Not just consumers, but also analysts.
But if you’ve been one of my Real Wealth Report members, however, then you’d have seen soaring food prices coming a long time ago.
In fact, in Ja