Let's do a quick update on gold. There was a bounce here. This bottomed right on the 38% of Fibonacci retracement from this bottom to this top. That was a potential spot for this final bottom. We got in on the swing. I advised subscribers to take profits right at this trendline ahead of the jobs report. I was expecting that there would be an attack; it's occurred a little bit earlier than expected. We are back to waiting again to see if we're going to come down and make an undercut.
Gary Savage is a 57-year-old retired entrepreneur living in Las Vegas. He has been investing in stocks and commodities for 15+ years. He is a self-made multi-millionaire and attributes his financial success to savvy investments made in owning/selling several businesses, real estate, and, more recently, the stock market. He is also an Olympic weightlifting champion, and world record holder. Gary’s stock market investment philosophy and success owes to an unusually disciplined and keen understanding of market cycles combined with cutting edge sentiment data which allows him to anticipate and articulate how larger trends are likely to unfold. His analysis is almost always in strong contrast to what the public is thinking – and, provocatively, several steps ahead of the crowd. Gary’s renown as a recognized trading/investment expert in the areas of precious metals, stock market, oil and currency markets is demonstrated by his numerous internationally published articles in these market areas. Gary publishes the Smart Money Tracker, a market newsletter available online by subscription only, and also the SMT free blog.
