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If you haven’t seen the action in gold, silver and mining shares, you are indeed missing the opportunity of a lifetime!
Let me show you first, by way of a few charts. My long-term charts based on a combination of hidden Elliott wave counts and my system models, which include 20 levels of analysis, ranging from cyclical models, to chart analysis, to my system buy and sell signals, which are based on a proprietary method of investing and trading which I will soon be teaching in a course.
Let’s start with gold: Here is the long-term chart of gold. The waves — up and down — in gold are labeled.
As you can see, wave 1 up in gold took it from its fixed price when we were on a gold standard, to the 1980 high at $875 an ounce.
Then, wave 2 set in a 20-year bear market.
Then, the latest bull market, wave 3, which lasted from the bottom in 2000 to the high in September 2011 — taking gold from $255 in late 1999 to $1,921 in September 2011.
The next big move in gold was the three-year bear market from 2011 to the recent lows.
Fortunately, I was able to forecast every one of those moves, in advance. Back in the late 1970s and ’80s, when I was on Wall Street at my brokerage firm that I owned, and since then, through my columns and articles in Safe Money Report, Real Wealth Report, and here, in Money and Markets.
In 2011, just 12 days after the top in gold, I said the precious yellow metal would bottom in 2014.
Here we are, in the middle of the year, and gold, in my opinion, based on all available evidence and all my models and indicators, has bottomed.
Up next: Wave 5 higher on that chart. Wave 5 in Elliott Wave terms, in commodities, is the most powerful leg higher of all of them. More powerful than waves 1 and 3 up.
And based on all of my projections, I believe gold is now headed to well over $5,000 an ounce. Probably by late 2016 to mid-2017.
Sound improbable? Well, consider this: Between 1978 and 1980, gold rose more than 390 percent, soaring from $178 in November 1978 to $875 in January 1980. And that was a 5th wave higher of a lower degree wave 3 move up.
So this time around, it would hardly be surprising to me to see gold more than double in two short years.
Here’s the same type of chart for silver. The pattern is roughly the same.
Silver is now embarking upon a wave 5 move higher that will take it to well over $125 an ounce over the next few years.
The actual gain in silver, yes, will be greater than gold. But silver will be notoriously wild in its movements, and why I recommend investors put more emphasis on gold. It’s safer, it’s the blue-chip metal of the precious metals.
Now let’s look at mining shares, via the HUI ARCA Gold Bugs Index — a basket of 15 of the largest and most widely held gold miners.
As you can see, the main waves are labeled for you.
But there’s a major difference which translates into this: Mining shares are actually more bullish than gold and silver!
How so? It’s simple. According to all of my research and indicators, the mining sector is now starting a third leg higher of a higher degree cycle!
Since third waves are the most powerful wave in equities, as opposed to commodities, it also means we should see the mining sector literally explode higher out of the gate, and probably more than quadruple, perhaps even quintuple, in the years ahead.
And the proof is already coming in. Consider, since the beginning of June …
 Allied Nevada Gold (ANV) is up as much as 58 percent.
 NovaGold (NG), up 48.6 percent.
 Detour Gold (DGC.TO), up 56.6 percent.
 Coeur Mining (CDE), up 39.6 percent.
 Direxion Junior Gold Miners ETF (JNUG), up an astounding 115.2 percent, in a month!
What’s driving it all? In my book, the answer is simple, yet different from what most believe:
It’s the rising tide of geopolitical unrest
that is occurring all over the globe.
That’s the primary force that is driving precious metals and mining shares higher. Now, and for the next several years.
Inflation will become a factor too, but not until gold passes its inflation-adjusted value, which is about $2,300 in today’s dollars.
So if you wait until then, I’m afraid you’re going to miss out big time as the train leaves the station without you.
And keep this in mind: If you study the history of gold as I have done, back over 5,000 years, you will see that gold’s most important role is NOT as a hedge against inflation …
But instead, as a hedge against collapsing governments and geo-political risks …
Best wishes, as always …
Larry
Larry Edelson, one of the world’s foremost experts on gold and precious metals, is the editor of Real Wealth Report and Supercycle Trader.
Larry has called the ups and downs in the gold market time and again. As a result, he is often called upon by the media for his investing views. Larry has been featured on Bloomberg, Reuters and CNBC as well as The New York Times and New York Sun.
{ 57 comments }
What a guy ! Talks about these g/s stocks who they gained 21 % to 36 % in 1 month but hasn’t recommended any of these ? Why ?
because he’s a hindsight investor, that’s why!
Well, I believe as currency gets flushed, gold and silver mines will lead the mkt, however, I can understand why Larry lives in the Far East away from his readers. 3 good mines. , Newmont, nem, Gold corp. GG. Barrick gold ABX. they will go up as the dollar burns, and Europe crumbles. Its a given. Figured I would recommend these as Larry did not.
Ps WEISS RATING ON BANK OF AMERICA. higher than a D…….???????????? You got to be kidding Martin.
Watch out for Bank of America, Chase, Citicorp and Wells Fargo. They are major players in the unregulated derivatives market!
Dec 31 2013, gold spot hit a low of 1180.42, but we were told this is not the low. Then in your April 21, 2014 column, you stated that “gold and silver are now in their final bottoming process”. Then again in the May 12 column you stated that “I will get you as close to the low as humanly possible”. Then in 3 urgent must see videos you said “I am 99.99% certain the low is in”, “I am as certain as I can ever be”, and again “I am certain the low is in”, Guess you forgot to tell your readers thought????
And the e-mail today from Larry says …” Do or die time for gold investors “…..runaway inflation ….after 6 long yrs. of unprecedented money printing ” …now it’s runaway inflation again ?
If he would ask Martin Armstrong on this – Armstrong would disagree on this .
This whole stuff we are going through is deflationary and not inflationary . Larry changed his mind again on this ?
What a guy …but remember he also said this rally goes into Aug. and still hasn’t recommended any stocks…well, he wanted you to join his trader section for a few thousand $$$…this section here is only for poor suckers.
Larry use to be in the hyperinflation camp then switched to deflation – to me it always sounded like he piggy backs off Armstrong – in which case why pay thousands for his subscription when you can just go to Armstrong’s blog for free.
To mark ….Agreed !
john….and if you read Larry’s first sentence of his article above …we missed the opportunity of a life time already ……………..Larry is so funny !!!
Back in the late 1970s and ’80s, when I was on Wall Street at my brokerage firm that I owned- and now he works for moneyandmarkets,. Oh Larry, where did it all go wrong???
Rob, can you please have another attempt at your comment and make sense out of it for the other readers. Sounds like you have some knowledge to throw into the mix.
if the people who comment on edelson dont belive or understand cycles dont have to get involved.yes we may see lower prices but thatwouldbe part of the cycle. patience
Options trading can be very risky, and most “premium” investment services don’t work for the average investor. However, the Weiss team has fairly good record on long-term calls. Cycles are sometimes hard to follow, but should not be ignored.
lenney….I know Larry was apparently good to get the people out on time in 2011 but he also tried a few times last year to bring them back in but it didn’t work …or so he thought .
If he is so convinced – as Martin Weiss and Charles Goyette were ( who of course bought PAAS at $ 10 early in the year. ) he could’ve recommended stocks/g/s early in the yr. – he didn’t . …. he canceled all stuff in Feb. .
Another thing…1st Larry believed inflation will come soon / copper down to mid $ 2 / oil to $ 70 ..the DOW to a low ..(???) ..all changed over the last year. Now no more oil to a low ( maybe to $90’s ? ) no more DOW to a lower lever … copper by now is way higher …..all stuff he changed his mind on ( or he learned he was wrong ) THAT has nothing to do with a cycle change unless Larry has a cycle of his own .
Last week I was one of the first commenters indicating that Larry did not take a clear stand while the market had shot up in the recent upswing. At least now, in this column a week later, he is saying CLEARLY that he thinks the market has bottomed. Perhaps he is a bit late and those like me waiting to buy have lost some potential dollars.
However, as one commenter said last week, we all need to do our own due diligence regarding both market bottoms and also, specifically, WHEN to buy. (An extra is to observe other people’s opinions.)
Our buying opportunity may still be arriving, but at least Larry came through this week and clearly stated his position. Last week’s column seemed to be mere generalized waffling. But I can forgive a week.
Interested he was clear on it emailing subscribers weekly to not jump in on the upswing as he said it was a sucker rally sure to fail. In the mean time the smart money was accumulating juniors miners cheap and have doubled since January.
Now that he is saying it’s bottomed I’d be very skeptical cause if this turns around the retailers will be the bag holders as usual. I think Larry sold out on us. And if his previous calls on gold turning points were anything like he played this last one then he is just another charlatan.
Not one miner listed here is in his miner list of April 21, 2014, that should tell you something. Is it possible to turn $35,000 into $1,000,000 – of course it is – but not from this column
John, I think when Larry talks about ” turning $ 35,000 into $ 1 mill. ” ( just THIS part is hype already ) what he really wants everybody to do here is to buy his subscription for his GOLD & SILVER TRADER ( which we now receive once a week? 2 x a week ? ) and buy and sell / buy and sell . It could work for great gains but $ into 1 mill. ? from $ 35,000 ? Boy, do they come up with stuff .
One more thing here … Larry always say …ask your question ..well, he never answered mine question . how lucky were you ? Does he pick what he likes or knows and ignores others ? Hard to say , isn’t it ?
Larry send out e-mails ( Oct. 2013 ) where he claims gold will be at $ 2500 in 18 month which means next summer – June / July 2015 . …which means gold has to go up by about $ 1170 in the next 12 month ….never happen before in history ….40% was high for any year unless gold blows up like in 1980 .
Good luck with that one .
Clarification – when I used the word “market” in the comment above, I meant the asset classes that we are talking about here, gold and gold miners. Pardon.
Funny in Larry’s June 30 email he says he is still looking for final confirmation that gold has bottomed while here he is saying it has bottomed, so which is it Larry?
Norman ….Larry is still looking for final confirmation that gold has bottomed ?
According to Armstrong he has to wait until gold goes to $ 1550 … that’s the confirmation
http://armstrongeconomics.com/2014/07/01/gold-the-future/
So, what comes first ? Gold at $ 1550 or $ 1000 ? THAT is the question !!!
I don’t know about you but I have a lot of respect for Larry. I’ve been reading Larry’s columns for awhile now and made my money over the years. I like Larry’s personality, he tells it like it is based on his research, facts and analysis (with multiple tools). Larry makes his analysis based on historical data and he is very cautious in his decision. Can’t wait to sign up and take the class he is about to teach. If you want to be good, learn from the Master…
Phillip from AZ.
Tammy – to be fair about the trading record re: Weiss / Larry – all these losses occurred in 2007 and 2008 which of course looks really bad but what happened after 2008 ? More losses ? This is only one side of a story …not fair.
The only thing I know about Larry when I read his old records from 2008 …he knew the markets were in trouble but figured anything with gold should be o.k. but of course it wasn’t …we had a liquidity crises and that took everything . And all the way down from July into Oct./Nov. 2008 Larry went …BUY ! BUY !! For a short time ( 6 month ? ) it looked really bad but 6 month later they most likely recovered and were on their way to hit new highs. Not the greatest call ( what do we expect ? 100 % ….we shouldn’t ) but in the end it worked out .
I also have much respect for a man that can predict war cycles ahead of time accurately. No one can be ( on the money) so to speak on what month gold will bottom or even top, yes I agree that when Larry said gold has bottomed, and then said he’s still looking for the bottom is a bit confusing. The bottom line is that all indicators point that gold is going to shoot to the moon…the writings on the wall, and Larry is on the MONEY on the war cycles. By the way Larry is not a profit, fortune teller, or a wizard, but what I’ve seen is the most accurate predictions, when we look at his track record. I am a bit concerned about the difference in his real weath report, and gold and silver trader, but very happy in his recommendation in JNUG, I made a bundle, and my accountant made 40k in three hours.
Thanks so much Larry!!
Thomas S. Hubbard ohio
To Thomas …the writing is on the wall that gold will shot to the moon ?
Just that alone is hype . But if these are YOUR words it’s o.k. – if Larry says them
then he forgot to tell his reader’s and Martin Armstrong will have egg on his face because he still believes that gold has NOT seen it’s low .
Yes, the JNUG recommendation and IAG worked well .
Tammy – I think Phillip from AZ was hired to defend some of Larry’s stuff…easily done from Larry’s office , right ?
Here is something I found from Armstrong …..
THE REAL BOUNCE IN GOLD IS NOT DUE TO WAR …..and Larry claims it is …no, not just claims it – he hypes it in every e-mail . The cycle for now is on Larry sites but for how long ? Yes, even Armstrong got a bit bullish on gold …needs to close above $ 1355 and only in hindsight will we be smarter .
http://armstrongeconomics.com/2014/06/23/gold-the-rally-2/
THE REAL BOUNCE IN GOLD IS NOT DUE TO WAR ….
http://armstrongeconomics.com/2014/06/23/gold-the-rally-2/
On the other hand does it matter what makes gold rally as long as it goes up ? lol
Larry – You anticipated a pull back in the Dow going into May (March RWR #119). You once stated that the longer it takes the markets to reach your cycle prediction, the bigger the pull back will be.
That being said, Have you changed your forecast for the Dow low ?
Thanks
This is getting bloody ridiculous now – I received 8 e-mails so far from Larry / Weiss Research and now Stan Pyatt since June 25th about how Larry called the bottom in gold and miners exploding . And Larry is quiet for his reg. ( low pole subscribers ? ) and does not recommend any besides what he recommended already which by the way I wouldn’t buy right now anyways .
I think they are desperate to collect $$$ .
By the way Torsten …have you noticed that I’m not with Weiss Research ? …lol
I was never aware of the problems the WEISS Group had only that Larry is not too good with his yearly forecasts and failed with copper/ oil and DOW and trying to find the bottom . It’s just so weird that he now found the bottom and the sector gets hyped like crazy after the miner’s gained 30 % – 50% already and he finally made 2 recommendations of which one was sold ( JNUG ) .
I kept an eye on some stocks Martin Weiss was recommending back in Mar. – Mar.3 2014 …his stocks :
MND …cost $ .95 – now 1.08
LUC … cost $ 1.70 – now 2.74
SLCA ..cost $ 36 now 56
HCLP .. cost $ 39 now 63
CMP .. cost $ 87 now 96
BBL …. cost $ 64 now 68
TGZ …. cost $ 1.09 now $ 0.75
LUN … cost $ 5.00 now $ 6.30
Just going by these stocks ( a 4 month run ) not many people would complain about the gains .
Was the article against Weiss Research overdone or has Weiss Research learned a few things ? THAT is the question .
Heidi – I feel your frustration. Every time Larry says the Dow is beginning it’s correction, it goes to new highs. Regarding gold mining stocks, a pullback in the Dow could push them down further, so I can see Larry’s hesitation (although GG in the low $20’s was hard to pass up).
At this point I have too much faith invested in Larry’s forecast. Lots of cash on the sidelines. Too late to invest in equities without a pullback
Still waiting for the Euro crash, interest rates to rise, natural gas to soar etc but it will happen- just got in early. Patience & unplugging emotions is paramount.
Also, seems all newsletters publishers have bad press as well. Look up Stansberry and others. You’ll find subscribers angry about missed calls and losses. It’s part of the industry.
Victor….I’m not frustrated at all – really . I’m only watching and checking what Larry says . In the end it’s really up to me what to believe in and make my move . Since I read Martin Armstrong ( lows not in ) and Larry ( lows in ) I have to decide myself . Since Larry gave a FEW signals already for the low in gold ( 2013/ 2014 ) but canceled most of his previews calls ( not the last one ) and his last couple of yearly forecasts were less then 50% correct I’m a bit on a careful site . A few samples :
June 19th 2013 …” Buy gold now – add small long positions in gold …
NOW IS THE TIME TO GET YOUR FEET WET
Larry continues : 1 ) I see an important change in gold’s trading pattern – namely both gold & the dollar are showing signs of rallying .
2 ) my models show that the euro is in danger of collapsing
3 ) tech. support is firing up – there is solid support for gold @ $ 1358
___________________________________________________________________
So, after 1 year …we see that gold was at $ 1372 on June 19 2013 when he wrote this ….there was no solid support at all at $ 1358 – gold fell to $ 1180 instead and today – July 4th 2014 gold is lower ( $ 1320’s) then it was about 1 year ago .
To his # 1 reason : gold and the USD did NOT rally together -TOTALLY wrong
his # 2 reason : the euro did NOT collapse – TOTALLY wrong
his # 3 reason : there was no solid support for gold at $ 1358 – WRONG
___________________________________________________________________
What did Larry write in his 2014 Forecast – written Dec. 2013 : 5 major forecast
USD / Prec.. metals / bonds / Europe / Markets
For the # 1 forecast – the USD he wrote : ” USD is in lift off stage – the USD is in a position to stage a HUGE rally in the 1st half of 2014 – breakout is about 85.884 – once it goes above that level 96.69 is next ”
REALITY for the USD in the 1st half year was : it had a high at 81.53 – that was it – TOTALLY WRONG
Forecast # 2 GOLD…Larry writes ” Major low heading into Jan. 2014 – needs to break $ 1178 – tests $ 1029 …Jan. or Feb. is expected to see these lows . If these lows do not get hit it will be Mar./ April 2014 . I will position you within the striking distance of the final low . No lows for mining shares yet – they have another 30% to go on the downside .”
REALITY for Gold : No new low in gold in early 2014 and no 30% down side for miners either after Dec. 2013 – see GLD and HUI / GLD went from 114 to 133 the highest / HUI went from 188 to 261
Larry TOTALLY WRONG – missed the low in gold and miners .
Forecast # 3 Bonds – no idea –
Forecast # 4 – EURO …Larry writes…” the euro will collapse ” – he gave no numbers but the euro did not collapse .. a low in early Jan. at 134 – up to 139 – down to 135 and up to 137 recently .
REALITY for the Euro ….NO collapse !!!
Forecast # 5 – the DOW ….Larry writes …” Wild swings in the DOW – waiting for up coming lows in early 2014 – Dow could fall to 14,687 – 14,373 – 14,030 – he will scream to BACK UP THE TRUCK when it hits these numbers …oil to $ 60 / copper to $ 2 . ”
REALITY for forecast # 5 …the DOW fell to 15,340 from 16,588…Larry never screamed to back up the truck ( did you hear him ? ) and no wild swings after the big Feb. drop . ________________________________________________________________
Here is a bonus : Jan. 27th 2014 : Larry wrote … ” the DOW correction comes in on time …a decline into late Feb. – early Mar. Cycles are inverting – as per chart they now call for a March high followed by a decline all the way into Aug./Sept. 2014 ” .
REALITY for the DOW …Feb. low and a staircase to heaven started .
And now we know for sure …Larry has many wrongs ( too many ? ) and the lows in the miners are gone for now but if Larry keeps on being wrong we might see the lows again .
Looks like this knifing company deleted my posts.
It looks like banksters are unleashing hordes of agents to keep people away from gold. GOLD HAS BOTTOMED. Look for buy signals.
Larry already sold out his subscribers on the double bottom telling them not to buy cause his “models” were telling him not, while the institutions accumulated.
I’d be careful at this point, if he says buy likely the institutions are selling and a real final bottom will happen end of this year.
BS. You don’t know who was buying, and you will never know. Your ‘institution accumulating’ – where did you get that from? CNBC? School mate?
Larry did not give you green light, because gold could still go lower. He did that to protect your ass. What if he gives you a signal, then the gold drops, you would moan like hell, that his cycles don’t work. Who are you?
To despe906 …. We know Charles Goyette bought PAAS early Jan. 2014 at $ 10 – Larry mentioned NOTHING … Larry was still bearish in Jan. 2014 ( Charles G. better with miners ? ) And when Larry advised to buy IAG on June 3 / 4th 25 mill. shares traded …very unusual – check IAG volume for those days …usually under 10 mill.
Larry gave green light …99.99 % for sure in gold . Read my latest report from TODAY on Larry …so wrong – so many times ..all proved …and who are YOU ?
Me? Your ex-boyfriend you forgot long time ago. Why are you are so hyperactive? Relax.
Please try to understand a few things about the market, trading and investing.
Primo : NOBODY knows where the market goes.
Secundo : There is always risk one may be be wrong and lose money
Tertio : market participants vary from small fish to big sharks who are able to move the market. Those guys are so rich that they prefer not to be known to the public, not now, not after they die. A shark may test a market, corner a stock or try to squeeze another shark. You imagine what faces a trader who tries to predict a move or trend.
If you don’t like Larry’s tips, you move on, find someone who’s record shines like hell : i.e. Prechter, Shedlock, Schiller. I trade on my own and will not follow others’ predictions.
If you have an accountant mentality, please imagine that market is more like boxing poker, fishing, hunting. Go on about a lady on the river, forgetting where the chips go.
It annoys me when a bunch of ignorants behave like kids or banksters’ agents. Larry Edelson is one of the best out there, period, I mean a dot :)
It’s was obviously big money buying cause that’s what moves the markets.
If gold did bottom the retailers now get the scraps. Or maybe buy the top of the rally and ride it down to $950, freak out and sell the bottom, while the smart money moves back in – Lather, rinse, repeat as always, but I’m sure Larry would make more on that than his income for subscribers.
Either he is lost his mind or he sold out – either way don’t trust him.
BTW I’m talking about mining shares here that have bounced big right under the greatest gold forecasters in the world’s nose.
“It’s was obviously big money buying cause that’s what moves the markets.”
This is ridiculous. First, big money doesn’t mean ‘institutions’.
“If gold did bottom the retailers now get the scraps”
By missing 50 risky points, and saying goodbye to 1400 -5000 potential move. LOL.
“Or maybe buy the top of the rally and ride it down to $950”
A move to 1300 area is the most likely scenario at the moment. Just market dynamics.
“Either he is lost his mind or he sold out – either way don’t trust him. ”
That’s what people were saying back in 2011, when he said : the gold has topped. And finally you say something that makes sense : NO, you don’t trust anybody in this world except for you mother.
There is NO WAY you can make money in the market, for the simple reason you know nothing about it.
Listen guys. You behave like unreasonable kids or just banksters’ agents. Larry is offering you the opportunity of a lifetime to make a lot of money, just like that for free. Larry Edelson’s track record is immaculate. Instead of cheers, only moaning and further requirements. Never seen so much insanity in one place.
Gold is still technically in a contracting range, so officially the new bull is still a speculation. But the recent momentum off 1250 is suggestive that it has started, 80% of chances that it did. Do you want a precise call to one pip at the bottom of the market otherwise it’s all lost??? You are insane and obviously you know nothing about trading. You deserve to be given nothing, not a call of a lifetime. The gold bull hasn’t even started properly and there is still a few hundreds % ahead, and you moan like hell. Trading is gambling on probabilities, not receiving pay checks by post.
Do your homework and learn some trend following technical signals, there will be plenty of opportunities to enter and add between 1400 and 5000, if that’s the target. Bunch of losers, or just bankters’ agents!
I’m saying his track record is questionable.
He did call : the stocks top 2007, housing top back then, stock bottom 2009, whole Gold Bull and gold top in 2011. He never said the current stock bull was over and well, it continues. I know for sure he did as I read it in real time. You find me someone with better track record. Personally, you can question anything, even you may grab a bottle of wine and sing : cogito ergo non sum….
Here is an alternative view from Harry Dent Jr (who is NEVER wrong) , or so he says !!
Gold to $1400 this Autumn . 2015 to $750 ,2016 $250 . Says charts prove it !
Moral ,Believe what you want there is always a case for up or down
If you dare to compare a writer to legendary Larry Edelson, I encourage you to short gold as much as you can. Because it’s a question of ‘want’ for you.
Never mention Harry Dent and gold or even markets ….been wrong for years !!!
Please give me feedback on the mining stock “ANV”.
Milton , Larry never talked about ANV as far as I remember …$ 2.61 was it’s low – $ 4.00 now …up only 53 %
Gold may not have bottomed but gold is still in demand. Producers are still making money tho maybe not as much as they and the investors may like-yet! NGD is developing a new mine in Ontario.
NG has had a nice run. MUX looks good and it is hard to beat the LARGE company SBGL’s record.
Yes sir; Good ol Larry isn’t my grue.. at 16to 17 silver Larry said don’t buy all the way to 28 than he got very quiet… with one that is(1) gee guess I was wrong… but don’t cry cause Sunshine Profits backed him all the way.. Yea Larry that was 40k .. take it and sit on it jerk!! Now I play my own and have myself to blame or have a glass of wine.. and I’m very happy with me own ability to read!!!!
Mr. Edelson isn’t going to tell the mining stocks he offers to the public…lol.. He’s a bit smarter than the average investor, that’s why he listed other shares just to make an example of how the tide is rising on mining shares. If he listed the company’s that his subscribers are investing, that would upset the people that are loyal to him. Yes Larry has made me large returns this year and I’m just getting warmed up.
Thomas …” no mining stocks for the public ” .. that’s good but I think we have a lot of subscribers here who get the REAL THING ” …am I wrong ? Would I know all the WRONGS from Larry if I didn’t subscribe ? Think !!!!
hi larry these guys are tough on you but rightfully so !! govt doesn’t do anything quickly inflation will move dollar down more dollars to buy same thing as yesterday ! you are a great sales man ! when people figure out we don’t count gas and food in our inflation #s gold will soar ! election year ! pick 1400 before end of year ! cant be too far off with the 60 wars and confusion !! good luck ! MAKE US SOME MONEY KRESKIN !!
Looks like new comments here defending conman Larry – the Weiss marketing group must have showed up, and the hard evidence of how he works gets deleted:
Exhibit A – Larry claims he called the mkt crash in 1987, then years later in this video he is saying that NO ONE could have predicated it and praising Armstrong for making the call:
https://www.youtube.com/watch?v=iJNEjq7I5Is
This is really suspicious and makes you wonder how many of his previous calls are bogus or half truths at best, you can’t find stuff going as far back and he knows it.
He really slipped up here.
I have a friend who is part of his so called Gold and Silver “trader” and it’s been one bad call after another, including going aggressive short on the gold double bottom in December – rather than warning subscribers about a potential rally he emails weekly telling them it’s just a sucker rally while everyone gets crushed and missed the big run. A few months later in his analysis webinar he calls the sucker rally bullish patterns – well thanks but it was too late. And I can imagine years from now he will be claiming he called the turn in the market.
So you see now how the Weasel Weiss conveyer belt works.
I forgot to mentioned another thing …just reading his Aug. 2013 letter …THAT was an opportunity as well for the prec. metals Larry said ……just like now . He claims the war cycles as well – just like now – remember ? :
North Korea / Marathon bombing ( really ? ) / Egypt / Snoden- Washington – Russia / Iran – Israel / Implosion of Europe …. what happen to all that ? Gone with the wind ? Of course – and gold fell even lower ….oh boy . That could mean gold’s bounce now could be just as short as the one from a year ago when it fell to $ 1178 …bounced to $ 1434 ( a good bounce = $ 256 up ) but the 2nd low ( Dec. 2013 ) stopped at $ 1181 and went only to $ 1392 ( weak bounce = $ 211 ) .
The thing is …we got higher lows ( very small ) and get lower highs …noticed ?
If this rally tappers out before $ 1392 …. all his war cycles are …..I need to be polite here …good for the birds as per last year June .
Amazing how it feels when one reads older stuff …. it really opens the eyes ( and mind ) .
Reading and remembering what he wrote is so important .