A couple of weeks ago I posted a note from my partner, one of the best macro traders I know, warning you that a “messy unwind” was in-store for gold. He told you that 1522 in gold was the big breakdown level. Indeed, that was the level that started the purge in the massive gold trade.
He’s telling me today, this unwind is far from over. And he says gold is giving you the “gift of a lifetime!”
He says, “It’s a second chance … a gift, to sell it now!” I couldn’t agree more.
Below is more of his analysis. You should read this carefully …
“You can see in this chart below the ugly breakdown in gold. And you can see the beautiful 61.8% retracement of the breakdown. The sheep-herders (Wall Street, Bill Gross types, financial advisors, mindless financial journalists) have all been working overtime to keep the sheep (mom-and-pop, the average guy, the mindless institutional investor drones) content and optimistic, while riding the sinking gold ship. And they’ve convinced plenty to gobble up more gold here.
With that, we get a text book technical pattern to sell, as you can see in the chart below.
Again, this is the gift. If you have been sucked into this gold trade, get out, while you can. The entire logic behind this gold/hyper-inflation hedge was flawed to begin with and has been proven dead wrong. Five years into the global economic crisis, and trillions of dollars worth of emergency policies extended (from all global central banks) and yet we still teeter on the edge of a deflationary spiral. Why? Because you can’t print your way to demand in a massive global debt crisis. Without demand, there’s no jobs. Without jobs, there’s no wage inflation. Without wage inflation, there’s no credit demand. No credit demand, no inflation. No inflation = Don’t get stuck with gold.”
So why are you holding the bag (of gold), with a massive premium that has been priced-in for a scenario that is proven to be flawed?
Believe me: My friends, some of the smartest hedge fund traders in the business, are laying into this trade (i.e. adding to shorts). Don’t be on the wrong side.
You don’t get rich buying gold. If you want a way to get rich, follow our Billionaire’s Portfolio service.
To become a millionaire, you want to mimic people who have already made millions or billions. And that’s exactly what we do in our advisory service, The Billionaires Portfolio.
We follow the world’s richest, best billionaire investors, and their stock picks. Did you broker or mutual fund buy Blackberry, RIMM, at $8 or better? We did.
Do you ever think your crowd following broker or mutual fund would ever have the guts to buy a stock near its 52 week low, that Wall Street had forgotten about? Of course not. But we did.
As an old hedge fund friend of mine said, a man who is in his 60′s and worth over a $100 million dollars (all self-made), there is no greater scam upon the public then the mutual fund industry or the brokerage industry. It’s the only business where you get paid even if you lose your customers money.
Our advisory service, The Billionaires Portfolio only buys stocks that can go up 2x, 3x … even 10x or more. And we only buy stocks owned by powerful billionaire investors. Why? They impose their will on the companies they buy. They control their own destiny. They control outcomes. We go along for the ride.
Okay, I did this yesterday. And I’m offering it again today. Because I know you need my service, and because I know when people join my service, they don’t leave, I’m happy to give it to you today with zero risk. If for some reason it doesn’t suit you, email me within the first month and we will refund your money in full. So go ahead and get on-board.
You can sign up here.
Editor of the Billionaires Portfolio