Gold dipping down to important support, and should soon be one heck of a great buy for the next leg up. So don’t let gold’s weakness phase you. Instead, use it to get set up for more profits down the road.
Meanwhile, don’t expect much out of the dollar for the next few weeks … but DO expect a lot of action in the broad stock markets. For my latest views, watch this week’s video.
Best wishes,
Larry
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{ 11 comments… read them below or add one }
Thank you for the great review Larry.
Thank you Larry ~ Your videos and emails are very helpful and informative… thanks for all you do!
Robin Linde
Please, send me instruction for the Real Wealth Newsletter
Thank you
Bob Jonson
Larry,
Why didn’t we sell some of our gold – - take some profits? Wait for the short period for the down side and jump back in and buy back. All my accounts are in my IRA so I don’t have the Tax issues that non tax deferred accounts have.
Truthfully — I sold my GLD and took it off the table with my profits and I am waiting to jump back in.
your comments would be much appeciated
Nick Chupick
Great video Larry and I agree with you completely.
Gold has had some selling and it has now reached an oversold condition and a long term trendline which is acting as major support.
kind of a good point to notice that when the dollar goes down almost ‘any asset’ picks up value somehow including stocks I guess even real state would pick up value when the dollar goes down.
thanks for your info……….Will be watching the market……..
Larry,
a couple weekls ago your buy signal for gold was $1170. Now you are saying gold could get down to $1140 and you may be issuing a buy alert soon. I bought at $1170.
What gives?
How do I buy GOLD when you say “Now is the time to buy gold? What do I buy? Do I buy mining stocks, ETF’s, or something else?
How well do mining companies do when both gold and the Dow falls?
Larry, check your history. GDP shot up like a rocket prior to the 1937 swoon caused by deficit hawks. The stock rally from 1932 to 1937 very much reflected the surge in the overall economy, which saw GDP rise back to 1929 levels by about 1935.