Gold is getting interesting, as panic sets in for the precious metal When everybody starts having the same view, there can be huge money made when the trend...

Market Matters
Gold is getting interesting, as panic sets in for the precious metal When everybody starts having the same view, there can be huge money made when the trend changes. Similar to when we went long gold last December and it rallied US$200/oz. in 3 months. I am now looking for a larger rally, approximately 12-months later. I am targeting a 2,000-2,500 point pullback in the Dow relatively shortly and a US$300-400/oz rally in Gold. Many individual stocks in the S+P 500 have already dropped out of the bull market. For example, the percentage of stocks rising to new 52-week highs has been dropping, from 27.8% in May 2013, to just 12.9% on Oct 30, 2014. Similarly, the percentage of stocks dropping to new 52-week Lows has been expanding from less than 1% in February 2014 to 15% as recently as Oct 10, 2014 - Their most negative level recorded in 3-years! The obvious key point above is relatively shortly, timing is everything and tops are extremely difficult to pick, but if I'm correct, it's time to start setting the traps: (VIEW LINK)
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Market Matters is an online investment and share trading advisory service designed for those that want to take their wealth further. We specialise in advice for active share market investors, including those new to the markets or those with a Self...
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Market Matters is an online investment and share trading advisory service designed for those that want to take their wealth further. We specialise in advice for active share market investors, including those new to the markets or those with a Self...
Expertise
No areas of expertise