Stock Indexes Pullback, In A Tight Intraday Range, On Lower Volume; Gold, Silver, And Platinum Are The Clear Winners Of An INSANE Fed/Congress!

March 19, 2009

There was not enough intraday action on the indexes yesterday to warrant a big long commentary like I posted last night. Therefore, I will keep this short so you can focus on the video and subscribers can look and study the two new longs and one stock we are adding to.

Saying this, one of our new longs is another Gold stock which just goes to show you how strong this sector is. It is not the number one industry group in Investors Business Daily for no reason. The gold stocks I am long and the gold stocks that I see setting up out there in the chartland is extremely impressive and I tell you if there is any reason to be bullish on a sector this is it.

The Gold futures contract can clearly show how AMAZING this beautiful yellow metal has been since the 9/11 attacks. Now back then, even though I was telling everyone to buy gold and yet not listening to myself, you have to remember, I was making good money on the short side 2001 and 2002 but then I started to make amazing money after the brilliant tax cuts of income and capital gains in 2003. So after the top in 2007, looking back, it seemed like a brilliant play as Gold never returned 1,000% in one year like 2003 did (thanks to margin).

So even though I missed the Gold move from the 2002 lows everyone knows that I will not miss this one. In fact I am already looking to put 25% of all my account assets (IRA and investment) into actual Gold bullion. Trust me, what I have left of that 75% will still make plenty of money and return nice big sums that i will enjoy then putting to work in the next “hot” or CANSLIM chart pattern.

And for those that think I am wasting my time investing in Gold, remember, it is only an insurance policy against complete destruction of the dollar. Don’t forget in Germany it took only five years to COMPLETELY DESTROY THE VALUE of the old German marks (maybe it is). Zimbabwe elected a “man of the people” who basically touted equal rights. Well everyone is equal now. Equally destitute and poor. The only people not poor are those invested in Gold as the shops are only taking Gold now. I would rather have my 75% working to make 1,000% a year with beautiful charts like the charts in 2003 (EPIC SIGM FMDAY EGHT TASR USNA, HIL are just a few). However, if it turns into Germany WWI or Zimbabwe RIGHT NOW, we are in some deep crap and that 25% in Gold will be WORTH A TON OF USELSS DOLLARS and my Gold bullions will make me a quadrillionaire which should be enought to live a few extra years on.

Please watch the video below as it will give you a visual analysis of the current situation we are in with the market. Great luck everyone and have a wonderful Friday. I will see you in the very active chat room!! Remember, cash is still king, especially when the cash is invested in Gold.

top longs/(shorts) w/ total returns since first purchase making me money today: ANCI 74% (SDA 79% ARB 72% SPG 59% TITN 60% GGB 67% IPHS 55% GTIV 43% MANT 23% AMX 48% PG 27% PRGO 24% AMSG 30% K 26%)

FREE YOUTUBE VIDEO:

FULL SIZE VIDEOS ARE ON THE GOLD FORUMS FOR SUBSCRIBERS