My mentor and friend Larry Edelson had an uncanny ability to correctly identify market tops and bottoms.
This includes calling the 1987 stock market crash weeks in advance. Plus, the great bull market bottom in gold that began at $250 an ounce in 2001, and the bear market top at over $1,900 in 2011.
What’s Larry’s secret weapon that made him so prescient with his market calls?
Larry’s life’s work over four decades was the study of cycles. He quantified and cataloged historical cycles stretching back hundreds and even thousands of years. He combined this with cyclical pattern recognition across hundreds of markets and individual securities.
Plus, he added his own unique methods of technical analysis, to produce one of the most effective trading tools any investor could hope for: His Artificial Intelligence Neural Net model with the power to indicate expected cycle highs and lows in stocks, bonds, commodities, currencies and more.
Larry devoted these last three years pouring himself and his vast investing experience into this model. And as my mentor of 15 years, he entrusted me and his team of analysts and traders here at Weiss Research with his most closely guarded secrets and strategies for reliably detecting key market turning points.
In tribute to Larry, we simply call it the Edelson Wave Model.
The proof of Larry’s model is in the consistent profit potential it generates.
Just recently, most Wall Street analysts were calling for crude oil to break out on the upside and soon reach $60 a barrel as a result of the OPEC agreement among oil producing nations to limit production. But Larry was not one of them.
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The Edelson Wave Model steadfastly and correctly disagreed with Wall Street. Our research pointed to a break-down in oil below the recent trading range.
Sure enough, crude oil plunged nearly 15% over the last three weeks, right on cue with Larry’s model. Members of one of his trading services earned gains of over 26% in the process from a well-timed trade on an inverse ETF that tracks oil.
Larry also correctly called the bottom in gold and mining stocks in late 2015, but warned that the first leg of the new bull market rally last year would falter, with a steep correction testing the patience of precious metals bulls.
Again, the model was right on the money with precious metals suffering a steep correction during the second half of 2016. Gold and silver stocks plunged more than 40% after this correct call.
Earlier this year, we correctly called – and profited from – the rally in gold. |
Early this year, we correctly called – and profited from – the rally in gold with multiple rounds of profits earned for subscribers. This time from ProShares Ultra Gold (UGL) and VelocityShares 3x Long Silver (USLV) leveraged ETFs – and once again, thanks to the E-Wave model.
More recently, Larry’s cycle models warned of a disturbance in the uptrends for gold and silver. The system identified an early warning flag: A bearish non-confirmation between gold itself and gold mining stocks.
While gold prices continued to move higher, gold mining shares started moving the opposite way. Seasoned technical analysts like Larry can spot trouble ahead with this indicator, signaling a correction is likely.
Right again, as mining stocks led gold and silver into another correction. This time, his members profited with the Direxion Gold Miners Index Bear 3x ETF (DUST).
Bottom line: Right up to his final days, Larry worked tirelessly to perfect his models and generously passed on his life’s work so future generations of investors would continue receiving his real-time guidance and forecasts. For me and our entire team here at Weiss, it is now our mission to fulfill Larry’s legacy, and to constantly improve the effectiveness of his proven, and highly profitable, approach to cycles analysis.
Good investing,
Mike Burnick
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R.I.P. Larry — my thoughts and prayers are with your family.
Hi Mike,
I too have been a follower of Larry’s work for many years. I was shocked and saddened at his passing. Will you or Wayne be taking over his Real Wealth Report news letter service?
I am looking forward to receiving Larry’s last book that Martin said would be sent to us. I use Weiss research services exclusively and over the years found to be the most accurate and helpful in the business. keep up the good work as Larry’s legacy lives on.
Thank you
Bill C.
Hi Mike, I’m a subscriber to Larry’s “Real Wealth Report”. Will you be continuing the subscription to the end of the year I paid? Thanks. Westy
Condolences to the family and “Weiss family”. The one trait of Larry’s that has garnered my respect is his willingness to admit mistakes, something not found in today’s world. By uncanny accuracy and admitted mistakes, Larry had gained my trust.
Hi Mike, Will you be updating the latest AI chart on Gold and silver anytime soon?
Good Day Mike,
I was very saddened to read the news of Larry’s passing. My condolences to his family and friends.
I am a Gold Mining Millionaire member and would like to know who will be advising us in the future?
Mike,
We will all miss Larry. I’m sure he had vastly more treasures stored in heaven, than he managed to earn on earth.
Do you foresee that you will be issuing a dedicated analysis of the gold/silver markets for the remainder of 2017 – supported by the most recent cycle trends and intelligence ? I am somewhat confused regarding Real Wealth Report guidance in this area. I realize the longer term call for $5K gold and $125 silver…but that is likely 3+ years down the road. Would appreciate the short to mid term outlook if this is possible.
Regards,
Chris
I’m very sorry to hear of larrys passing I hope is loved ones and friend are ok. I am a subscriber to real wealth report etc and don’t know what happens with it from this point forward can you send me an email to let me know. Thank you
Are you ever going to give recos or advice like Larry did. Am I to cancel The Real Wealth?
Wil you continue
Its sobering to see how such a wonderful contributor as Larry can be taken from us so suddenly and at such a young age. I was not a subscriber to his cycle service but always wished there was a const effective entry price. I’ll will look into subscribing to the monthly letter if you plan to continue Larry work.
Good Day Mike,
I was very saddened to read the news of Larry’s passing. My condolences to his family and friends.
I am a Gold Mining Millionaire member and would like to know who will be advising us in the future?
I subscribed to Larry’s “Real Wealth Report” for several years. He always had a interesting and against-the-main-stream view of the markets that was sobering in many ways. Godspeed to his family.
Mike,
I am a Real Wealth Report subscriber and, like many, was shocked at Larry’s sudden demise – I had no idea he was ill as he seemed to have daily e-mailings. I am very happy to learn that someone, especially someone like you and the rest of the Weiss team who knew and cherished Larry, will preserve and continue his work. It would have been a great tragedy if it was lost.
Thanks for taking it on and may God bless!
the correction in the DJIA that Larry predicted has not happened.
My condolences to Larry’s family. He will be missed. Frank honest and intelligent he continues to inspire.
God bless Larry and his family. I really fell very bad when I know Larry pass away because to me Larry is a best of the best adviser.I have been learn from Larry a lot lately. Thank You verry much Larry we ll miss you for now. God bless you rest in peace
Larry was one of life’s good guys, my condolesences to his family, he showed us young guys how to work hard. He showed himself as a human being that we all make mistakes and that to err is to be human but to forgive is to be divine.
You will be missed Larry.
Condolences to the family. RIP
Then I heard a voice from heaven say, “Write this: Blessed are the dead who die in the Lord from now on.†“Yes,†says the Spirit, “they will rest from their labor, for their deeds will follow them.â€
Rest In Peace….From a labor well done indeed
Sadden to here the loss of such a brilliant mind in Larry, I have read his columns for years. Looking back he was remarkablely accurate. Now it is up to you Mike to keep the E Wave predictions coming, you have had a great mentor in Larry. Good luck. Keith ( Australia)
Condolences to Larry’s family. His life’s work was a mitzvah for investors of all faiths.