Ed Note: The above is a small excerpt from Mark Leibovit’s Daily VR Trader. The VR Gold Letter is published WEEKLY. This excerpt from 8/24/09.
GOLD and METALS – ACTION ALERT –
Gold got over the key $1000/oz level as the Dollar fell through support yesterday, but gave up most of its gains by the end of the day. Gold finished the day up 2.20 at 996.70, but well below it morning high of 1008.90. Silver was up 0.24 to 16.46, but was as high as 16.87. Platinum closed up 29 and palladium was up 4.
Gold and silver shares along with the underlying metal are a tad extended following a five to eight day advance, but I’m not ready to run for the hills chasing the bears. From my point of view the party could only be beginning despite the admonishment of what my friend, Peter Grandich, calls the ‘Don’t Worry, Be Happy’ crowd. Nothing has changed my view or the Annual Forecast Model for Gold (seen in the VR Gold Letter weekly), so I’m status quo.
Don’t think for a moment that owning gold is a speculation. Owning gold may not only save your wealth but could save your life. Gold at $5000 to $10000 an ounce is not out of the question between now and the end of the current up cycle which carries into 2020 and it ain’t that far away! (Ed Note: see Charts below)
December copper settled up 0.0895 at 2.9810, getting close its 2.9895 recovery high from August 28.
FOR THIS WEEK ONLY SPECIAL! I’ve slashed prices 50%. I want you to get this information!
The weekly VR Gold Letter focuses on Gold and Gold shares. The letter is available to Platinum subscribers for only an additional $25 per month and to Silver subscribers for only $35 per month. Email me at mark.vrtrader@gmail.com, but do it this week!
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 .
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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Click HERE to view 1982-2009 Point and Figure chart below in full size.
