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February 9, 2007

The Trader Wizard returns, Fri., Feb. 9, 2007, 2:30 PM

In the January 3 Daily Report I opined: “I believe that gold will zoom over $750 this quarter.” I was negative about equities because of what I referred to as a credit bubble problem.

On that day, Gold closed at $600 and the Dow 30 at 12475, with an intra-day high of 12,630.


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Today Gold is trading at close to 670, and the Dow 30 is 12,559. Do you know how many so-called experts call me an idiot for my views on markets? It’s all noise folks. These Talking Heads blow more smoke than Altria can supply cigarettes.

On January 12, convinced I was correct in my view, I opined in the pre-market hours that gold stocks would start to rally. The gold price at that point was about 611.70. This chart shows that I called a cycle bottom (once again), and the blog article and follow up one that day show how I gave you a list of 20 attractive gold stocks (once again).

Today, I started to move the TraderWizard.com domain to my new web host. I’m going to use it to market the book (partly of that name) plus some premium reports that I have been busy creating.

I love working; what else can I say?

And as long as I have my crystal ball working, I intend to keep working. (smiley goes here)

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Crystallex has enjoyed a great day with volume to this point over 11 million shares. Those shorts are really hurting. Good on them.

Posted by Posted by Bill Cara on February 9, 2007 02:30:23 PM | Category: Gold , Goldminer Producers

Discourse

Hi Everybody,

I am thinking, based on it's price action, the rising window, and it's behavior about a year ago, at perhaps a ssimilar point in its cycle, that IVAN may, emphasize may, be on the verge of a decent upmove. Also, I got back in CUP, higher than I got out, (dumb ass), which has been making a fantastic bowl-shaped base, and from which I am anticipating great things.

PS: Any single, female traders out there? Email me.


All Love,

Chris

Posted by: zen_archer [TypeKey Profile Page] at February 10, 2007 5:17 PM [link]

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