1. FEBRUARY MARKETS
2. UP
STARS/DOWN STARS
3. GOLDEN
OPPORTUNITIES
4. QUOTES
5. ON THE WEB
6. LETTERS
1 TWO BELIEFS
I. Markets will be
higher by the Chinese New Year (February 7).
II. Gold will be UP
January 30 and 31.
Two obvious questions are: 1) How high is UP and 2) How to play?
Last week
Regardless of whether Ben moves again or not and the markets first
reaction, we are currently planning to BUY MORE next week for a (pre) Chinese
New Year rally.
Additionally, precious metal shares are undervalued vs. gold and
silver. I recommend buying again early in the week. Depending on how high gold is up
January 31, begin to lock in and/or take some short term TRADING profits by
Friday. This does NOT apply to investing
and hedging PM allocation, only short term trades as there is likely to be some
gold selling and profit taking at record prices.
Please
remember our advice last week: Be Careful Buying.
ASTRODATES
1/28 Mercury SR
2/5 Solar Eclipse 10.44pm ET
2/7 Chinese New Year: The Earth Rat
2/18
2/19 Sun enters Pisces 1.50 am ET
2/20 Lunar Eclipse 10:30pm ET
TRADERS: We are buying gold and gold shares early in the week for a
projected 1/30 & 1/31 aka Ben rally.
We are also doing strategic market trading buys this week for the Chinese New Year.
INVESTORS:
My long term view is well known: focus on protecting against downside risk.
However, since early last week, we are short term bullish.
DJIA: 12250
PIVOT 12,000 SUPPORT S1 12500 S2 12750
S3 13000 S4 13189
SPX: 1325 PIVOT
NASDAQ: 2331 PIVOT 2225 SUPPORT 2475 RESISTANCE?
XAU 175 PIVOT 200 RESISTANCE
FEB
GOLD: 888 PIVOT 930, 950 OR 1000 RESISTANCE?
Market Marker
Sentiment is: TOO MUCH COMPLACENCY STILL-ONLY SANE RESPONSE
IS TO OWN GOLD. NEXT MARKET MARKER DAY IS FEBRUARY 5.
DON’T BUY AND HOLD: BE LIQUID WITH A BALANCED AND DIVERSIFIED PORTFOLIO!
2007
CLOSE: DJIA 13264, SPX 1468 & NASDAQ 2655
2006
CLOSE: DJIA 12463, SPX 1418 & NASDAQ 2415
2005 CLOSE:
DJIA 10717, SPX 1248
& NASDAQ 2205
DIJA: 2
~ FV 0 UV; 4 offer 4%+ Dividends 1 offer 5%+ Dividends.
Looking ahead, my question is whether 2008 will show less
than 2% growth or be a classical recession?
THINK SWISS AND PRESERVE CAPITAL: FOCUS ON PROTECTING AGAINST
DOWNSIDE RISK.
|
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3. We fully expect a BEN GOLD rally. We are recommending BUYING ahead of time.
I believe that buying Monday and/or Tuesday two of
our undervalued clients: Nova Gold (NG) and
Current
Probability of gold breaking its all time this week: 88%.
Current Probability of $ 930 Gold by/before Feb. 1: 88%.
Current
Probability of $ 950 Gold by/before Feb. 1:
50%.
Current
Probability of $1000 Gold by/before Feb. 1: 31%.
4. “What Mr. Bernanke did
was panic and cut rates in front of the opening, and never let the markets cleanse
themselves on the downside. All the Fed is doing is putting off the inevitable.
As sure as night follows day we are going to have a recession, and the longer
they massage it and keep it from happening, the worse it will be."
Jeffrey Saut, chief investment strategist, Raymond James
HW: I AGREE 100%!
“We're
in the bottoming process and that's not a quiet, soft or demure thing. It's
violent, nasty and you have wild moves as stocks are under ferocious
liquidation pressures.''
Brian
Barish, president, Cambiar Investors
HW:
Short term I agree with you.
"It's a sad testament to
think the Fed has to cut interest rates eight days in front of a meeting to
salvage the equity markets. The
Bill Gross, chief investment
officer, Pacific Investment Management Co
HW: Sad, but true.
5.
A market of two minds: The pessimist
A market of two minds: The optimist
Going for Olympic gold
The likely winners, and
possible losers, among Chinese stocks as
6. READER: Great Call on GOLD!
Really wonderful performance! In your latest WSNW, you write:
"That being said both gold and silver
have a good month and you most definitely want to be profit from the Ben Gold
rally January 30-January 31."
"ASTROLOGICALLY Gold has extremely positive astro the very
end of January"
Do you mean that Gold will move up again to
higher/highest level at the end of January (30/31 Jan 2008)?
HW: It means I will be trading LONG gold and gold
shares by the 1/29 or 30th. Some risk to
the downside on 1/28 [gold options expiration], but a fair amount of upward
potential as well.
READER: Three and a quarter, have you ever seen such a thing
by the Fed?
I remember reading your forecast on different
countries in Q1. But I can't locate it
anymore. Could you send it to me? Thanks!
HW: Yes, sad
that Ben panicked. Our global reports
are now only provided to platinum and diamond clients.
READER: Is the dollar/gold
relationship independent of the Dow? Can
gold & the Dow both rise?
HW: Yes AND No. At times, the
dollar/gold relationship is independent and at other times, not. Yes both gold and the Dow can rise- think
inflation!
"Can you afford NOT
to have financial
astrology in YOUR future?"
Stop reading Wall Street, Next Week, last week: YES, I WANT TO
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