Morning Report Thursday 6 November 2014
Gold is getting interesting, as panic sets in for the precious metal
My screen is again, a sea of red this morning for anything implying strong world economic growth and inflation e.g. Gold -2%, Silver -3.75%, Copper -0.5%, the $A is down 1.5c and Iron Ore -2%. When everybody starts having the same view, there can be huge money made when the trend changes similar to when we went long gold last December and it rallied US$200/oz. in 3 months. I am now looking for a larger rally, approximately 12 months later. I reiterated a few times prior to October’s 5,122 low in the ASX200, preparation is vital for significant market turns and I think what’s coming next will be huge:
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