The Aden Sisters have long held a reputation for understanding the markets, particularly with precious metals. Jon Nadler of Kitco took GREAT DELIGHT in reporting that gold broke below $819 sufficiently enough to trigger what the Aden Sisters had called for as a signal that the gold bull was over.
But only today did Kitco.com release an article with “the rest of the story”. Turns out that on August 18 the Aden’s did indeed point to $819 as important, but also indicated that gold (and silver and precious metals stocks) were extremely oversold and only time would tell if the $819 marker being broken actually signaled the end.
Well, signal it did not, and the Aden’s have reported that they feel that gold is holding sufficiently to indicate that the bull market is still intact. (Sorry, Jon – I know that breaks your heart.)
Another little gem of info that Jon Nadler didn’t mention was that the Aden Sisters feel that the U.S. Dollar, Jon favorite investment, is very overbought at these levels.
Jon, report the news, fine. But report that which doesn’t line up with your hopes for a U.S. Dollar moonshot too. (What’s the matter, didn’t buy any gold or foreign currencies at better levels?)
At times like these you really need to keep your head. And getting the best advice from people willing to look at what the market says and not just what they want it to say is CRUCIAL!
I cannot recommend highly enough the following two publications:
the TREND letter (Special $50 discount for InvestLetters.com readers)
The Casey Report (Risk Free Trial Subscription
