Market Bugle - by Mike Landfair

Larry: I can't tell you until the market tells me. I can tell you, however, that we're getting very close. As I said before, gold's two-year correction ends this year.

John: That leaves two remaining questions: When during this year will gold bottom? And second, at what price level?


Larry: For the answers to these questions, I don't guess. I don't have opinions. But I do have my cycles and trading models. So when they tell me to start buying, you can bet that I'll be buying with both hands and that I'll start backing up the truck. Personally, I am super excited about it for three reasons:

It will be the most important buy signal in gold since my buy signal way back in 2000, 13 years ago.

It will represent the beginning of gold's next major leg higher, which will take it to over $5,000 an ounce in the next three years.

And, I personally plan on making more money in gold over the next three years than I did over the last 13. So it's going to be hugely rewarding and a lot of fun.

In a sense, the really remarkable thing about “Abenomics” — the sharp turn toward monetary and fiscal stimulus adopted by the government of Prime Minster Shinzo Abe — is that nobody else in the advanced world is trying anything similar.

1. The European banking system is a forest of dry timber that could burst into flames with the slightest spark.

2. No matter what defensive measures the European authorities can come up with, the euro is bound to remain under tremendous downward pressure.

3. And no matter where you do your banking, make sure your institution is among the safest.