An Opportunity Has Arrived

I’ll often run a special when I think an opportunity has arrived. 

Most newsletters market heavily after a move has already matured by claiming they “caught the bottom”. Sound familiar? Of course, that doesn’t do anyone any good as they get sucked in right at the top of the move because their emotions now tell them that price will continue to move linearly higher for the foreseeable future. Instead what happens is they buy at the top along with the rest of the dumb money and then we run out of buyers and the asset corrects.

I’ve said this many times in the past. The time to buy is when you’re scared. The time to sell is when you can only see blue skies ahead.

While we wait for gold to decide which way it’s going to break out of the triangle (I think it will be higher) there is another asset that is potentially at an intermediate bottom and primed to make some good gains in the weeks and months ahead. Now is the time to get on board, not after it’s already rallied for months.

(Click on image to enlarge)

 

Disclosure: None.

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