Runaway GLD and SLV?

Posted on Apr 11, 2011 by in Letters

When we started writing this letter on the weekend we thought GLD and SLV were about to go parabolic.  Today's action forestalls that for the moment, but it does not forestall the necessity of being long these markets, and for our part we have added on.  In general we have high respect for our readers who are smarter than your average bear.  Some will find a later Basing Point than the one we have marked here, in April and they will be right.

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