Lahore, Pakistan -- (ReleaseWire) -- 06/23/2014 -- The WallStreet Window Newsletter Chief Editor Mike Swanson released his podcast on the recent gold surge and the SPX projections a few days back. Many analysts were predicting a bear market for gold but Mike has been saying all along there is a gold bull market.
This is what Mike Swanson says: “Yesterday gold broke through the $1300 level and surged while silver prices went up 5% to close over $20.00 an ounce. The volume in the gold ETF gld and silver ETF slv was over four times normal. In other words it was enormous. And it was explosive - especially for gold stocks.
In this podcast I talk about the gold move and interview Ike Iossif about his thoughts on gold and his projections for the S&P 500 and the US stock market for the next few weeks. I'm very happy to see this move in gold this week. Of course I bought gold, silver, and mining stocks in February and March, because I believed they made a bear market bottom and have been in a basing phase for a year that will result in a giant new bull market that will last for 3-5 years once it begins. The best way to make money is to get in such moves early just as they start.
However in May gold and silver pulled back and a lot of people got scared. People all over the place called for crashes in gold and many are still saying sell now. Yahoo Finance today has a vicious video telling people to sell. I call it vicious, because those who take this advice will be forced to miss out on a giant bull market. People do not pay any attention to the big trends of the markets and therefore get caught up getting confused by short-term moves and listening to people on the television box they shouldn't be listening to…”
About Mike Swanson
Mike Swanson is the Chief Editor of his FREE WallStreet Window Newsletter. He is a former hedge fund manager. Anyone interested can subscribe to Mike Swanson's FREE Weekly Gold Reports and FED Reports.
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