Silence is golden–as is silver

Posted on Aug 22, 2011 by in Letters

The markets are unfolding as we foresaw in our last letter.  Occasionally we keep our mouths shut in order not to spoil the illusion of infallibility, also, when there is nothing more to say, why say it.  The Beta wave was turned back as we expected and the C wave is now in operation.  (Illustrated in our last letter.) Meanwhile traders piled into gold and silver.  Here a long term gold chart showing the danger of what is going on -- gold poking its head up above the long term channel and quite possibly going parabolic, which will quite possibly end with traders getting parboiled.

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