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When compared to the misery of some periods in our history that our forefathers often had to live through, such as the Great Depression and World War II, our fathers constantly reminded us of what might have been: "We never had it so good" and that was 25 years ago, just as the 1980's bull market on Wall Street was just getting underway and the PC was just a couple of years old. If my father were alive today, he would be astonished by the World we now live in, but in his usual optimistic way, he would surely be triple-underscoring the fact that compared to back then, we really have never "had it so good", just was we traverse into February 2007, with nigh on four years of "The Greatest Economy Ever", since we first declared it so, way back when, in January 2004. And, just as back then, we started to see a number of the broader US stock market indices hitting new all time highs, three incredible years later, they not only now still are, but they have been joined by the Dow Jones Composite Index, the Transportation Index and Dow Jones Industrial Average as well, in what can only be described as a very broadly strengthening market and evidenced also, by the growing number of individual issues that are setting new highs and even new all time record highs. When such strength is seen, it doesn't pay to bet against it and many have as World markets have continued to climb a veritable major wall of worry over the past few years but readers of this report over that period will know that we were constantly and continually pounding the table with our predictions of what has actually come to pass over many months and what is taking place today. In what now seems like eons ago, a number of prestigious widely read financial websites, published our work with the headline: "Why the Dow Jones Industrial Average will hit new highs", long before it ever occurred or even looked like it would. And, in just the same we as we broke the story: "A New Bull Market in the Making" back in early August 2006, when most investors were reeling from a savage mid-summer mauling by the bears, many at the time strongly questioned us, as to why we were making such a seemingly outrageously bullish call.   Even since then, we were taken to task by many, for daring to predict that the Transportation Index would rise again to see new all time highs, in outright disagreement with some of the most venerable writers out there, who were essentially heralding that Transports were Toast and the bull market was over for the transports big time.   Last week George W Bush became only the second sitting president to visit the New York Stock Exchange and he pretty much got a hero's welcome and perhaps one of the warmer receptions of his presidency. Because, down on that fabled exchange floor that has seen all of the financial history of the United States unfold over generations, old timers and traders know full well, that we are in the "Dreamtime on Wall Street" and there is probably no doubt among them, that they have never had it so good and their 2006 bonuses are not the only testimony to that fact. And, maybe not since the Aborigines invented the word "Dreamtime" 40,000 years ago, has there been a "Dreamtime" like this on Wall Street or anywhere for that matter. We are in a Synchronized Global Expansion beyond compare and World markets everywhere are advancing as never before for the most part to all time record highs.   That is the good news. The bad new is, this ain't going to last forever and given the circumstances that even in the seemingly very strongest of sustained upmoves, not unlike the synchronized metals rally back in May, the Zenith can emerge without warning and emanate from nowhere, therefore we have to be on our guard at all times for such an eventuality, that could be but hours, days or weeks away. The buy dips mantra has worked for the last six months and could still last for much of this year as this rare a market should have legs to continue this trend, at least until we see some fracturing of the synchronized advance, either around the World or here at home on Wall Street and we will do our best to keep you abreast of the situation either thru this publication or MODAR...   While many markets around the World continue to amaze such as India's Bombay Sensex and Mexico's IPC, our nominated alias for this "Mount Everest" of a bull market which seems hell-bent on reaching Everest's peak of 29,035 feet, after closing near 28,000' last Friday, we have to salute our neighbor for its nearly 500% advance since 2002 in one of the best performances of this Century.   Meanwhile Gold and Silver have continued to advance in a stop-start fashion, clawing their way higher following a late-December early-January correction that culminated in Gold's continuation chart finishing the month at $652, its highest close level since 1980.   This is actually quite significant and is testament to our continued bullishness and counsel to buy dips whenever possible, because it essentially negates the overbought volatility that repelled Gold prices from these levels back in May and the fact that we actually managed to regain these levels several times, seems to point to a kind of base building effort that could soon launch Gold higher...   In the larger scheme of things, we tend to believe that the higher the stockmarkets go, the higher Gold and Silver will eventually go, because Gold and Silver as a percentage of the Global market capitalization that is near all time lows, is tending to be suppressed by the huge and growing capitalization of Global Financial markets. Another way of looking at how undervalued Gold and Silver really are, might be Gold's approximate $2,200 inflation adjusted value versus 1980 according to celebrated Gold analyst James Turk and recent revelation that with the money supply having risen from a Trillion or two back in the early 1980's to almost a Dozen Trillion today Gold and Silver have a lot of exponential catching up to do and we therefore feel that last week's highs at around $667 for April Gold and $13.80 for March Silver, have become extremely important waypoints, that if exceeded, could pave the way for an exponential upmove in the precious metals across the board. Exactly when that might happen is hard to predict but it could come without warning therefore it is essential to be fully invested ahead of such an eventual move, that is likely to happen sooner or later.   Regardless of when that will happen, there is an old adage on Wall Street, the longer the base, the bigger the eventual upmove and it does appear as if Gold and Silver are building value at higher levels forming a pricing base, that is often a prelude to higher levels.   Following on from our "Global Warming Mega-Inflation Coming" Special Report, it looks as if we called it some weeks ahead of the news that is now on everyone's lips with the just published report. Being apolitical, we weren't intending to glorify any particular view other than to make the point that has now been endorsed by the Inter-governmental scientific body. The main aim of our report was to try to highlight the opportunity to hedge or make some money from what is shaping up to be the mother of all grains bull markets unfolding... So far so good - Grains are trading at multi-year or multi-decade highs and Friday closed at their highest levels thus far.   Meanwhile January turned out to be a spectacular month for Modar in large part thanks to Energy Grains and Metals for the futures and being able to capture numerous strongly rising stocks right from the opening bell of the new year, that continues to this day... Trade Well From the Desk of Savant

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