Larry's newsletter for July reiterated his old call of 1050 to 1100 as the bottom of the gold price. Furthermore, he predicts this to occur in September. Both of these calls contradict his recent calls for nibbling at the SPDR gold fund and some gold miners. Tomorrow Larry is to present a session on gold miners. Why do that unless he recommends a buy?
What is going on? I think he wrote the newsletter earlier and failed to make the proper corrections. An alternative explanation, that he plans to punish the $49/yr subscribers for not having upgraded to the $2,600/yr subscription is too sinister to contemplate.
What about the gold and silver miners? The GWS (an ETF that tracks the miners) has now had three up waves. Check out also THM, NAK, ISVLF (or IPT.V), GPL and FSM and they all show 20-50% gains.
Sunday, July 21, 2013
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