Warning: Gold Price Shock Coming
A 247profits e-Dispatch Alert: Gold Price Shock Coming!
As you know, I have a running correspondence with WaveStrength guru Adam Lass on the subject of the relative value of gold and the major gold and silver producers. If you own gold, gold stocks, or even any other sort of equity, take note. Because if you act right now, it won't be too late.
Over the past six months, Adam's analytic system has called both gold's long-term decline and nearly all of it's sudden five-day "price shocks." Indeed, had investors simply acted on his warning of last Friday, they could have avoided participating in a four-day drop that peeled over 11% off Senior Gold. His reliability on this topic has been uncanny, so when he wrote me to say that the long-term trend of the past few months was coming to an end, it certainly piqued my interest. However, what he wrote next was enough to chill the soul of anyone still holding substantial amounts of either precious metals or equity in the companies that produce them. Brace yourself...
*** "Gold investors will look back on the last six months as 'the good old days.' My latest charts show a distinct 'change-of-trend-event,' and the new trend is both well formed and of a much sharper angle of decline. "Actually, there are three distinct events your readers need to aware of: "The first is the April 12 pennant failure at 100.00. This pennant occurred as the bottom line of the 04/03-04/04
rising trend collided with the top line of the 01/04-05/04 falling trend. "The short-term trend that resulted from this breakdown appeared to many as a simple down cycle within a gentle trough... in other words, an ideal opportunity to add more
gold and silver to their secret hoards. "Nothing could have been farther from the truth. Rather, this was the last chance for any investors who got into the gold market after June of last year to get out with their portfolio relatively intact.
"The next crucial event was the breakdown/confirmation in and around 85.00 that commenced with the 5.41-point price-shock of April 28 and completed with the failure to regain a handhold within the shallow falling trend on May 5. "From that point forward, the very steep falling trend was no longer a simple down cycle but a primary trend, and a particularly well-formed one at that, with a distinct waveform that will extremely difficult to disrupt.
*** "This leads me to the final events in my near-term forecast. Over the next ten trading days, you can expect two bear rallies: The first is already underway and may run as high 83.50 before gradually declining to 77.50 and then dropping suddenly to 70.00. The second will commence six trading days out and will run to as high as 72.50 before dropping suddenly to my final target of XAU 65.00. That is not to say that the XAU will gain any considerable pricing power at that juncture. The possible permutations multiply geometrically, and make ultra-specific price targets difficult beyond ten days. WaveStrength Advanced trading tactician Bryan Bottarelli recommends you capitalize on this pending series of drops, which could give you a 138% gain. But you'll need to act quickly, because the move is going to happen in a matter of days... And the potential here is huge.
Just on gold alone, their members had the opportunity to make 31% on XAU March 105 Puts (XAV OA), 35% on SPX April 1150 Calls (SPT DJ) and 16% on XAU April 100 Puts (XAV PT). That's not including their other winning recommendations on all six indices: the NASDAQ 100 (NDX), Philadelphia Semiconductor Index (SOX), S&P 500 (SPX), Philadelphia Gold and Silver Index (XAU), Oil Shareholders (OIH) and even the Pharmaceutical Holders Trust (PPH). With that many chances to make money, WaveStrength Advanced members are always in the market, taking advantage of as many opportunities as possible.
Sincerely,
J. Christoph Amberger
Publisher
Edited by Guru Dudette, 12 May 2004 - 08:42 AM.
