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Thursday, October 17, 2013

As Predicted You Should Have Taken Profits Yesterday Or Today

OCT 17 6:25 AM PT
After the announcement of an Agreement yesterday, the markets went up yesterday and that was the time to take profits or strictly speaking today as it was signed early today. We had predicted that in our post of Oct 15, 2013.If you did not do yesterday, Sell today TNA.  DO NOT buy  TZA yet as we do not have a BUY signal on TZA yet.  You can take profits but no SELL signal on the markets yet. We have been telling you to buy Gold & Silver . It is possible Gold & Silver will make new highs or at least match the recent highs. Let us look at yesterday's charts.
 We gave a buy signal on TNA  On Sept 2, 2013 . Since that time TNA has gone up to $67 from $52.
This was a return of 30% in less than 1.5 months. Not bad when you compare with Mutual funds . Most of them cannot get even 10% over a whole year.

DJI
SPY
IWM

TNA
TZA WE do not have a BUY signal yet. You can wait till we have a BUY signal. 

GLD (Gold ETF) is giving a BUY signal

SLV ( SILVER ETF) Giving a BUY signal ( Data Before  the opening of Market)

GDX Gold Miners ETF
Dollar Index hit a nearby Low & Heading lower ( www. Kitco.com- Wyckoff )

 Dec Dollar  ( www.Kitco.com) It crossed the downsloping Line
Dec Silver futures ( www. Kitco.com) Crossed the downsloping line


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