This special update was written at 10:55 AM Eastern Time on Friday, November 14th.
A major upside reversal is now underway in the Gold/Silver mining shares. Daily chart buy signals will probably be triggered by my computer trading system at today's close. I strongly believe that today's intra-day lows in most of the stocks in this unloved group will mark the beginning of an extraordinary advance which could easily result in gains of 50% to 100% (or more) in most of these issues over a very short time horizon of three or four months.
A complete update will be available here later this weekend. In the interest of full disclosure, I am long several Gold/Silver mining shares and also short the S&P 500 Index and the Russell 2000 Index.
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