Special offer from Mark Leibovit for Money Talks only: The intense analysis of Gold in the  10-12 page The VR Gold Letter is right now 75% off for the first month or $29.95 (regularly $125.00 a month). The weekly VR Gold Letter focuses on Gold and Gold shares.Go HERE and use the Money Talks promo code CBC12210

In times of uncertainty, traders move to gold. With the Fed starting to raise interest rates, Russia lowering them, the IMF selling off its gold, but China and India in the market for more gold reserves, and Greece falling apart with strikes and protests increasing, traders have pushed gold up near its highest level in a month. For the week, gold rose 24.70 or 2.26%, silver gained 0.78 or 5.03%, platinum was up 18 or 1.19%,palladium rallied 23 or 5.5%, and copper jumped 0.2745 or 8.91%. Obviously, the metals had a great week. So did crude oil, which gained 5.68 or 7.66%. But natural gas fell 0.424 or 7.75%.

The International Monetary Fund plans to sell 191.3 tons of gold on the open market. Speculation is that a central bank, such as India or China, will step up and buy the gold. Remember, back in November the Reserve Bank of India had purchased 200 tons of the precious metal from the International Monetary Fund. But the metals gave up their gains after the Fed announcement.

While gold is still about $100 below its recovery high set in December, gold rose to new all-time high in euro terms at 823 euros per ounce on Thursday. So the gold rally continues, but those in the US (and Canada too) have not seen it because of the strong US (and Canadian) currency.

Bottom line: If you are not long from the February 5 ‘Key Reversal’ patterns reported in the February 8 edition of the VR Gold Letter, look to buy on the next pullback following the above mentioned guidelines for GLD, keeping in mind that the overall equity market and Gold market still has risk of forming a secondary or ‘retest’ low between now and mid-March.

The weekly VR Gold Letter focuses on Gold and Gold shares. The letter is available to Platinum subscribers for only an additional $50 per month and to Silver subscribers for only $70 per month. Email me at mark.vrtrader@gmail.com.

Special offer from Mark Leibovit for Money Talks only: The intense analysis of Gold in the  10-12 page The VR Gold Letter is right now 75% off for the first month or $29.95 (regularly $125.00 a month). Go HERE and use the Money Talks promo code CBC12210

Marks VRTrader Silver Newletter covers Stock, TSE Stocks, Bonds, Gold, Base Metals, Uranium, Oil and the US Dollar.

More kudos – Mark Leibovit was named the #1 Intermediate Market Timer for the 10 year period ending in 2007; the #1 Intermediate Market Timer for the 3 year period ending in 2007; the #1 Intermediate Market Timer for the 8 year period ending in 2007; and the #8 Intermediate Market Timer for the 5 year period ending in 2007. NO OTHER ANALYST SURVEYED APPEARED IN ALL FOUR CATEGORIES FOR INTERMEDIATE MARKET TIMING AS PUBLISHED IN TIMER DIGEST JANUARY 28, 2008!
For a trial Subscription of The VR Silver Newsletter covering Stocks, Bonds, Gold, US Dollar, Oil CLICK HERE

The VR Gold Letter is available to Platinum subscribers for only an additional $20 per month, while for Silver subscribers the price is only an additional $70.00 per month. Prices are going up very shortl, so act now! Separately, the VR Gold Letter retails for $1500 a year! The VR Gold Letter is published WEEKLY. It is 10 to 16 pages jam-packed with commentary and charts. Please call or email us right away. Tel: 928-282-1275. Email: mark.vrtrader@gmail.com .