Thursday, December 24, 2009

A Golden Opportunity

It appears that the ultimate low for Gold in this cycle has finally arrived.  Two days ago, Gold briefly touched the $1075 level.  If you sold at or before that point I believe you can now safely re-enter.

The most widely followed index of Gold and Silver mining stocks, HUI, also touched bottom on Tuesday after a slide of nearly 20%.  I may have been wrong as to the ultimate bottom, but I do recall having mentioned that one must be prepared for a wild and woolly ride!

Therefore, IF you are out, it's time to jump back in!  I would enter or re-enter immediately.

As to where Gold is headed in the near term, I have one word for you.  UP!  As I've said in previous updates, the form of the move is quite uncertain, however, we can handicap the possibilities.

Because of the utter shellacking Gold has taken over the prior 2 weeks, it is entirely possible that Gold will slingshot up like a rocket without looking back, but I tend to doubt that will happen.  What I do expect is some form of pattern that will be characterized by a series of higher lows, prior to the yellow metal's final maniacal move to all-time highs.

The recent assault in Gold has been a thing of beauty.  It has had the necessary impact of scaring the wits out of nearly everyone!  The reason that's important is that too many people had been piling in.  Now, they've run for the hills.  Eventually, those folks will realize the error of their ways and re-invest.  Mark Hulbert, who writes about such things, notes that the situation is quite conducive to  a rally (

If you are in the market for newsletters, there is none finer than Bill Murphy's LeMetropole Cafe.  As far as I can tell, the man never sleeps (!  In addition to publishing daily, he DOES read Marko's Take.  Ignorance of this blog is a fatal flaw of every other newsletter!

Since tomorrow is Christmas, I'll spare you my drivel for ONE DAY.  I will resume my assault on your mental faculties immediately thereafter.

"Take me on" in the comments section below.

Merry Christmas!

Marko's Take

P.S.  I intend to cover the topic of Obamacare on the 26th!  Wish me luck!


  1. Merry Christmas Marko! I'm happy to have you Blogging and can't wait to read your post on the 26th.

  2. Jenny:

    Merry Christmas to you,too. I'm still preparing my Christmas scene shot for you!
    I hope Mr. Boxer acted on my instructions this morning!


Take me on!