Precious Metals Update

In recent weeks I've warned you that I was short-term bearish on gold and silver. And yes, despite their recent rallies, I remain short-term bearish. The main reasons ...

At their record highs last December, gold and silver were very overbought, and ripe for a pullback.

My cycle studies for gold now show a decline into March 28, as you can see from this gold daily cycle forecast chart. Notice how nicely gold has followed the forecast. Expect some sideways action, and even a bounce higher into late February, but then a steep slide into March. I expect by March we will see gold bottom at around the $1,225 level, and silver at just below $23.

At that point in time and price, the precious metals will become one hell of a buy — as they prepare for their next leg up in their greatest bull market, ever.

So stay tuned for my important timing signals and more!

Best wishes, as always,

Larry