And the announcement was?

If you were waiting for Larry to announce to be "all in" re gold and silver miners, you did not get that flat out. But, you got something close to it. He is no longer bearish on gold and he feels that we are so close to the bottom of the correction (or the end of the gold bear market) that "I can taste it," said he. As to what to do and when, subscribe to his services and he will tell you. Naturally.

Of importance is the REASON why the correction is ending. Gold is not going up because: 1. money printing; 2. inflation or 3. the collapse of the US Dollar. Gold is going up because of 1. the financial and economic collapse of Europe; 2. trillions of Euros looking for a safe heaven and 3. the coming collapse of countries and sovereign bonds.In fact, these factors will drive up the US Dollars as well- at least for a while.In the end, the US Dollar is doomed as well untill new currencies will emerge.

I have noted two posts ago that GDX has bottomed and so did GDXJ. This means that the miners are beginning to recover the territory lost during the correction. Larry estimates that gold will go to over $5K and silver to $125 in the next phase. The profit opportunities boggle the mind.