Update on Gold
Here is an update on the gold sector.
Both investors and traders remain fully invested from our buy signal in Nov and again in Dec. We are in an impulsive phase of a bull market and we shall sit tight until the IP is over.
We bought NEM at $44.31 in anticipation of a major buy signal which has been confirmed, currently up 31%.
We also bought the Rydex precious metals fund at $40.46, and again at $44.35, currently up an average of 17%.
Canadian subscribers bought the RBC precious metals fund at $22.65, and again at $24.17, currently up an average of 21%. We also bought a basket of gold stocks which is up about 18%.
For those who have trouble sitting tight, this is the only chart you need to feast your eyes on for the next few months, and possibly years.
New money and those who are under invested can wait for an IP2, at which time our next buy program will begin.
End of report