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Gold, Silver & Oil Soar
We have been very fortunate over many months and even years to have selected and focused on numerous particular themes, that almost magically, a day or two later have become a reality, or at least embarked on a course towards same. No, we were not looking for Gold to go to $1,000 per oz overnight, but Gold certainly made a decisive move in that direction along with Silver yesterday and even the US Dollar obliged us by breaking below the important 85 level we highlighted in yesterday's report. Back in the heady days of late March where we guided investors daily into the unfolding bull run in Oil prices and emerging boom run in Gold and Silver, we know one of our subscribers, who had never traded Futures before, parlayed some $5,000 into around $45,000 in just a few months before we managed to extricate him from Silver between the ranges of $12.80 and $14.85 and recently became aware that he is back in at prices close to $10. We are not recommending this, but it shows what can be possible and how a common sense approach, with discipline, can get results. And that is the operative word.
We hope to be able to offer these kinds of precise entry points soon on our MODAR service as we bring it up to the next level that should afford a helpful guidance to those who are interested in exploiting these markets on a day by day basis... Gold, Silver, Platinum, Palladium and Copper have been exemplary so far this month and starting out so decisively from day one makes us optimistic for the month as a whole and possibly for the remainder of the year right into mid 2007 that could lead to sharply higher prices. There is an outside chance that Silver, in particular could surge higher in some kind of runaway move to the upside, but it has to move up decisively in the next few days to prove that this course might become a reality. Silver's action in recent months along with Gold has been quite unorthodox in many respects, breaking many technical rules along with it and leaving many Gold and Silver bugs out of the markets. That, in of itself could bring the kind of firepower that could start a renewed surge, as red-faced bulls are forced to buy back in at any price. Trade Well From the Desk of Savant
- The Ultimate Gold Hedge
- The Ride Of Your Life
- A Pre-valentine's Day Rally
- Gold Soars As Wall Street Falters
- Dreamtime On Wall Street
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
- August 2006
- July 2006
- June 2006
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- March 2006
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- December 2005
- November 2005
- October 2005
- Random Roger's Big Picture
- Calls and Leaps Trading
- The Boston Condo Blog
- The Boston Real Estate Blog
- Biiwii.com Notes
- Millionaire Now! by Larry Nusbaum
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