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An Eerily Similar Correction Could Lead to Huge Gains Does This Correction Look Familiar?
With everything in the world of finance, people get scared. Last month, gold broke the $1,000 threshold and silver broke the $20 one. So of course, weak investors got anxious. They pulled back and sold off some of those gains. As I write, it would cost you $880 for an ounce of the yellow stuff, while silver is going for $16.90 per ounce. That’s 20% cheaper than it was a few weeks ago. Great. But, why should you care? Money…and lots of it… ************One Day Left************ Beat The Blue Chips Many Times Over — By Focusing on a “Secret” Market Whose Top-Performing Stocks Averaged Gains of Over 25,000% in 2007 FACT: In 2007 alone, savvy investors on the “secret” stock market could have turned an investment as low as a few thousand dollars into 50, 100, even 500 grand or more in value. Until tomorrow night, you can jump on the next round of massive gains. Check it out here, before it’s too late… *********************************** First, let’s take a look at the last gold rally, back in the late 1970s. As you can see in the chart below, gold underwent an eerily similar correction at the end of 1978. It lasted exactly one month before it righted itself again. Does This Correction Look Familiar? On October 30, 1979, the spot price for gold was $242.75. Exactly 31 days later, it had shed $50. That’s a hair over 20% off its high. See the similarities? So, the next question you may be asking is: “What happened after the last time this happened?” Oh, just the largest bull market we’ve ever seen in the precious metals world. In 1979, and then again in the first month of 1980, gold went from this puny little sub-$200 metal to an $850 investment. It ended up being a 340% jump from the bottom of the correction to the top in January 1980. That’s nearly four and a half times your money in 14 months! Now, I’m not saying we are bound to repeat that this time around. But, others are:
— Dr. Clive Roffey
— Bloomberg …And my favorite:
— Marketwatch *****Gold $2,000 — How to Play the Rally Today***** From Hulbert’s #1 Ranked Advisory Letter of the Last 5 Years, Our Most Shocking Forecast Yet... Gold $2,000 “I’m so sure gold will soar higher, I’ll even make you a guarantee...plus I’ll give you 5 entirely new ways to play the trend...” “Including one way to own gold that comes with ‘zero-downside’ risk...” (But you have to jump on this before April 15, 2008...or the doors on this could slam shut to you forever...) Get the Full Report Here. ********************************************** Honestly, it doesn’t make a bit of a difference if you believe any of them. At current levels there are already some huge profits to be made. We’ve written to you about the potential juniors have right now. I’m not going to bore you with any more. If you want to, you can check it out right here. As for what you should do now…the precious metals world is on a silver platter. (No pun intended.) Take what you like. We will continue to let you know when the best ones come along. This is something worth following for quite some time. Sincerely, P.S.: If this is something you’d like to get into, Greg Guenthner and I have the perfect way for you to do it. We currently have the absolute best silver play we’ve ever seen. It is still at rock-bottom prices. To get in on it, take a gander at this report… Editor’s Note: As always, send any questions or concerns to us at jim@pennysleuth.com. |
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| Jim Nelson is the managing editor of Penny Sleuth, a daily small-cap e-letter with more than 160,000 subscribers. Jim has been playing the stock market since he was 14, always with a preference toward smaller companies. <click here to read more> |
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