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. Money Talks highly recommends subscribing to Mark’s VR Gold Letter.
Gold continued south this week still responding to my December 3 ‘Sell’ signal. My Annual Forecast Model (AFM) constructed nearly 12 months ago (depicted below) correctly called the major move in Gold this year. Hopefully, future years continue to perform even half as well.
Though the decline has been sharp and swift – usually a characteristic of bull market corrections – there is presently little confirmation that a bottom is in place. Of course, this could change quickly, so we will keep you posted either herein via a Bulletin or within my commentary at VRtrader.com.
The bottom line, folks, is that the party is only beginning for Gold. Seeing 1500 or 1600 in the next twelve months is a very reasonable expectation. I am still on record for my prediction for $3000+ Gold which I’ve been making on PBS’ Nightly Business Report program for several years. Frankly, I wouldn’t be surprised if that forecast is conservative. I feel the next big market ‘bubble’ could be in Gold, just as we saw bubbles in internet stocks and real estate in prior years. I do not accept the fact that everyone is in Gold and that bullish sentiment currently defines a major long-term peak. We’re in a 20 year ‘up cycle’ which conceivably could carry well into the year 2020. If we top out before that, so be it, but for now keep the faith. Manipulative forces are quite strong and there are rumors minute to minute in this market. Central governments do not wish to see Gold strong because it reflects on their gross ineptitude, but these same governments are now beginning to recognize that without Gold they will not have a medium of exchange to conduct trade going forward as the debauchery of the currencies themselves is occurring right before their eyes. As you know, there are strong indications that the European Union may itself break apart ceiling the fate of the Euro. Other ‘wrenches’ in the works include rumors of phony tungsten Gold bars showing up in various locations around the world, possibly originating in China. If you want read more about the tungsten rumors, Google it. If true, this could cause havoc in the Gold market, as more and more investors will begin to seek physical delivery to protect themselves. We live in interesting times.”
All Charts below posted by MoneyTalks
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
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 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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