This JUST came in, and totally supports my present case and belief about what’s happening here.

“Wow. I can’t believe the sea change that has happened in gold in the last two weeks. Two weeks ago, my headline… was “Gold Isn’t a Buy Yet… But it’s Close.” That day, I said: “Personally, I look forward to getting back into gold and gold stocks with my own money. They have fallen, a lot, and I believe we’re at the early stages of a major long-term bull market in gold stocks. But even after such a fall, and even with my long-term outlook, I personally can’t get excited just yet. Unfortunately, gold is still loved. And, it’s still in a downtrend.” My, what a difference a couple of weeks makes…
Today, large investors are bailing out of gold – at a frenzied pace. Meanwhile, the bleeding might have stopped in the price of gold. It’s hard to call it an “uptrend” right now. But, gold has moved sideways for weeks. The downtrend might be nearing its end. And it’s not just gold. We’ve seen similar extreme moves by big traders in other precious metals as well.

So the big question is: What do we do now? Is this moment a buying opportunity for gold and precious metals? Personally, I’m still not buying just yet. I want to see even more large investors get out. And I want to see more of an uptrend in prices. I want to be clear here: The story for gold and precious metals has improved dramatically in the last two to three weeks. The change has been more dramatic than we’ve seen in a long time. Now is a much better time to enter gold or precious metals than it was two or three weeks ago. But it’s still not “optimal” – yet.

Summing up, investors have massively changed their opinions on gold and other precious metals in just the last couple weeks. And big investors have started to throw in the towel. I didn’t think it would happen this quickly, or to this degree. But it’s true. Gold is quickly moving from “loved” toward “hated” again. I love to see this… This makes gold and other precious metals much more attractive than they were just a couple weeks ago. The “red light” in gold has changed to yellow… We’re just not all the way to green, yet. I’ll let you know when we get there.”

I have my own timing tools working, and they say the same thing… it would appear that a real opportunity is getting close, and may result in another rally soon.

Here’s to your accumulation of real wealth!
Harold F Crowell

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s