Ed Note: Below is a small excerpt from Mark Leibovit’s tremendous 11 page VR Gold Letter. The VR Gold Letter is published WEEKLY. This excerpt from 9/06/09.
Gold futures settled at a new record Friday, with the September gold contract ending up $9.50, or 1%, at $1,004.90 an ounce on the Comex division of the New York Mercantile Exchange, the highest settlement for a nearby gold contract. The earlier record was $1,003.20 hit on March 18, 2008. The September contract rose to $1,011.90 earlier. Spot gold was up 8.70 at 1005.10 after hitting a high 1013.10. Silver gave up most of its gains and finished up just 0.06 to 16.73 after trading as high as 17.02 this morning. Platinum was up 32 to 1317 and hit a one-year high of 1327. Copper futures reversed earlier gains and settled down 0.0300 at 2.8465. If it walks and quacks like a duck, it must be a duck. In other words, its a bull market, so enjoy it!
No market goes up everyday and at some point we’re going to see a correction, but my guess its not going to happen here. The breakout in Gold this past week is meaningful whether we cleared the record 1036 high or not. Technical measurements still point to as high as 1300 which has nothing to do with my bigger picture target of 3000 which I’ve talking about for several years.
Remember, my ‘Rule of 10’? Ten times the Dow Industrials breakout level of
1000 (from 1982) gave us 10,000. Homes that used to sell for $30,000 traded
at $300,000. Crude oil rallied from $14.00 in 1988 to $144.00 in 2008. Gold’s
low was posted in 1999 just $300. If we’re in a twenty-year up cycle in Gold (as
I believe), we will see Gold at $3000 by 2019-2020. If you could triple your
money in the next 10 years, would you consider doing it? Of course you
I am very pleased with the outcome of the Annual Forecast Model projection. Who else would have told you that you would see a high for the year in Gold in September when that forecast was published in January?
If you know of that forecast, I sure would like to see it, but I assure you they didn’t draw you a picture. A picture is worth a 1000 words! If you sell Gold here and your gold shares, you have made money. I have done my job and the cost of this subscription was earned many times over. This Model is the closest I have to a crystal ball and the ball has not gone fuzzy – yet!
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: email@example.com .
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!
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