THE MICIK MARKET LETTER
Gold Update

Alan Micik snippet
Jun 12, 2012

MML wrote the following bullish Update for subscribers on May 30, 2012 (GLD @ 151.91, Gold @ $U.S. 1,564). Note that our views and/or positions may, or may not have changed from May 30, 2012.

$U.S. Gold:

At today's early morning low for GLD (gold), we observed multiple short-term bullish divergences for Mr. Gold Market. These divergences indicate that some physical demand is now coming into the price structure of gold and that is a near-term positive, despite the European/Euro headlines.

These types of non-confirmations/divergences can precede, and/or coincide with significant Intermediate lows (as well as near-term lows). For MML Traders, this is the first bullish divergence since September's $1,900+ high, so be near-term bullish with a Stop .25 above today's low if you elect to trade.

It is also noteworthy that these divergences are appearing now, as the XAU is potentially due to complete a Bear cycle this week or next.

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Here is what gold (GLD) looked like when we wrote the above Update on May 30, 2012 (1st chart), and what it looked like on June 1, 2012 (2nd chart). Would this have assisted you in your investing, trading, or “hedging” decisions?

(Click on images to enlarge)

MML's "hedging" positions now have closed profits of $184 per ounce since November of 2011. With gold at $1,622 on Friday’s 6/1/12 close, our physical gold is now worth $1,806 per ounce (184 + 1,622=1,806) since November, 2011. This record, to the best of our knowledge, is the best "hedging" performance of any market letter that publicly shares their results. We also look for bullish gold trades as well as “hedging” transactions as you can observe from our above May 30, 2012 Update. For MML Traders it has been a profitable year, and for MML Investors our “hedging” has been compensating for a difficult gold market thru June 1, 2012 without ever selling an ounce of our physical gold.

This week, we have issued a Gold Update which covers our June outlook for gold and what we are expecting.

If you would like to review our current MML forecasts for gold, silver, the $U.S., $U.S. Stocks, or $U.S. Bonds, consider a subscription (details are listed below). Note that unlike other market reports, we do not have regular “publication” dates as the markets create the dates of action, and thus the communication to our subscribers. In deference to our subscribers, we have an 8 day “Quiet Period” from all Updates before any Posts.

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Al Micik
email: atmmail@sbcglobal.net

The Micik Market Letter (MML) covers opportunities in any market sector when low-risk opportunities are identified for the investor and/or trader. Ongoing coverage is provided for gold and physical gold hedging strategies. Silver & GDX are periodically covered when low-risk opportunities occur. MML uses proprietary indicators combined with technical analysis, and contrary opinion. Unlike other market reports, we do not have regular “publication dates,” as the markets create the dates of action, and thus the communication to our subscribers. Individual shares in any sector are generally not covered, but nor are they excluded. By using baskets of stocks (ETF’s), we seek to decrease our risks and have improved liquidity when it’s time to exit a position. This enables us to use reasonable Stops, and we use them on every single trade in order to limit our own emotions. This is a new 2011 publication, but the editor has 36 years of market experience.

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DISCLAIMERS:  Market opinions and recommendations detailed in this letter, while expressed in good faith, are not guaranteed, and losses will occur with any investment strategy, including this service.  Each investor/trader/hedger must carefully manage to their individual risk tolerance and use “stops” to control their risks.  At no time should the subscriber infer that opinions or recommendations are customized actionable advice, or be construed as an inducement or suggestion to trade or invest.  The editor, publisher, associates, directors, consultants, employees, and accounts under management may, or may not, have positions in securities or derivatives described herein. Actions taken as a result of reading MML is the sole responsibility of each reader.  MML is not and does not profess to be a professional investment advisor. Readers are advised to consult with their own professional advisers, attorneys, and accountants before making any investment decisions. By your reading MML (an independent market research letter) you fully and explicitly agree that MML will not be held liable or responsible for any decisions you make regarding any information discussed herein.

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