I remember sitting on a conference call with Martin, a long time Member/Subscriber who was so upset that I had written an article warning that Golds boom was over and to prepare mentally and emotionally for exit. You remember, Gold was flying and the price was hovering around $1500 an ounce. If you were watching the news or listening to the media, Gold was on its way to $5,000, maybe even $20,000 an ounce according to the Gold bugs. So, you can understand why emotions can mentally alter your decision making rather quickly.
I wrote in September of 2011 . . . "we believe gold is a bubble. We do not know in advance when it will top out, but buyers be aware that it will. Pay close attention to your Gold Chart and we will let you know when a signal appears!"
Here is where our charts exited to protect our members:
The first thing I want you to recognize is that we sent out a Gold warning in 2011, but the signal came out in 2013! Members were able to exit at precisely the same relative price as the week our warning was issued in 2011, almost 62 weeks earlier. We are always working to protect you, even if it is almost a few months after our written member warnings. Do not ever forget, it's never about how much you make, its always about how much you keep!
Are the funds in your retirement, 401k, or brokerage account protected if something should burst? Better to be safe than sorry. We will keep your money growing while protected from massive declines.
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Livio S. Nespoli has been a broker, registered investment advisor, and financial publisher since 1985.