URGENT Ron Paul message for all gold bugs!!!!!!
Do you remember when Ron Paul told Alan Greenspan at a Humphrey Hawkins hearing that if he as a Doctor, was as accurate in treating, or diagnosing his patient- as Greenspan was with the economy- that his patient would die?
Here's the clip in the IOUSA Movie Trailer- it's a classic!
campaignforliberty.com
Well here is the gold bug equivalent of killing your patient and then telling the surviving next of kin- dont worry be happy!
The Aden sisters have bypassed serving permabull kool aid- they went straight to crack cocaine!
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The Bull is Still in Charge
Courtesy of www.adenforecast.com
kitco.com
The markets have been extremely volatile over the past few weeks. Investors have been spooked and many are wondering what to do, if anything.
For now, based on our analysis, gold’s bull market remains in force. That’s the bottom line. Even though there have been some wild swings, the major trend is still up and as long as that’s the case, we recommend holding your positions.
To briefly update you on what we’ve even watching, following are our last two alerts…
Aug 18, 2008
After reviewing all of the technical, economic and fundamental factors over the weekend, these are our latest thoughts on what's currently happening.
On Friday, gold broke clearly below its 65-week moving average, which is at $819. As you know, this average has been very reliable, identifying the major gold trends since the late 60s. If gold now stays below $819, it will signal that the major trend has turned down and gold is going lower.
But equally important, gold is extremely oversold. This means it's fallen too far, too fast and it's poised to rise in the weeks and months ahead. The same is true of silver, and gold and silver shares. Gold's D decline is also near maturity based on timing and gold's percentage decline. In other words, gold is at an extreme and the downside is limited. That being the case, we recommend the following.
Stay put for the time being and keep your metals related positions. It's still too soon to know if this is just a temporary, extreme break, which seems the most likely, or if this marks the start of a new bear market decline. We need to see more.
Since gold is so oversold, the extent of its rebound rise is now going to be very important. If gold, for instance, rises back above $819 during the rebound, then the break below the moving average would've been a temporary aberration rather than a major trend change. In that case, we'll continue holding our metals related investments.
On the other hand, if gold stays below $819 during the rebound rise, it'll mean that an important trend change is taking place and we'll either sell or lighten up on our holdings at a better price during the rebound. We'll then plan to buy gold again once it turns technically bullish.
As we've always said, we'll let the markets tell us what to do. And for now, they're telling us to sit tight. It's still too soon to act and today's $15 upmove may well be the start of the rebound we're referring to.
AN EXTREME SITUATION
Aug 20, 2008
Even though it's still early, we're starting to see some signs that the worst is probably over, or nearly over. For example, gold, silver, oil, the base metals, and some of the soft commodities and currencies are either stabilizing or beginning to bottom at extreme lows.
The same is true of some of the gold and silver shares, natural resource and energy stocks. They are all bottoming at extremely oversold levels (see Agnico Eagle as an example on the Chart 1). Several currencies are similar. At the same time, the U.S. dollar's short-term leading indicator is extremely overbought, the most in 16 years. These are further signs that these markets are now either poised to rise, or they're already starting to move up in the rebound rise we've been referring to. Keep your positions.
The gold price, for instance, is bouncing up from its extreme low posted on Friday. And while it's still below its 65 week moving average, now at $820, gold has reached an extreme D low in both time and price. Gold's fallen 21½% from its March record high to last Friday's low, and it's taken 22 weeks to do this. This is close to the worst decline in gold's seven year bull market, which happened in 2006 when gold fell 22% from its May high (see Chart 2). Gold then declined for 23 weeks and it formed a double D bottom. For now, if December gold closes back above $820, it'll reinforce that the fall was an aberration and the bull market is fine.
As we write, gold is indeed back above $820, signaling that the major bull market that started seven years ago remains intact. That’s the big picture and it’s most important.
by Mary Anne & Pamela Aden
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You have no idea how hard it is NOT to type what I would like to say about the Aden sisters.
Clueless.
Lost.
Hopeless.
Inept.
Unqualified.
Shams.
Frauds.
Incompetants.
And the permabulls lap this crap up like little lambs suckling at their mothers tit.
I am ASTOUNDED that they have the GUTS to print this crap- let alone show their faces in public after leading their little lambs to SLAUGHTER!
They should be stoned, if not hung with a short rope from a long limb dare they EVER show up in person at a money show.
Ron |
