Sunday, April 3, 2011

I BUY GOLD!

Way back in 1979, I listened to the radio during work, and heard the daily price of gold. Prices were skyrocketing to unheard of prices. There were kiosks popping all around town with signs "I BUY GOLD!"

How could I make some of the gold money?

I knew absolutely nothing about the commodity futures market. I knew nothing about gold except the prices were going higher by the hour. Perhaps I was lucky to be ignorant of the futures market as prices eventually started to drop... and the "I BUY GOLD!" kiosks disappeared faster than they popped up.

Back then I knew absolutely nothing about timing the market.

Years later, I met the man who owned all those "I BUY GOLD!" kiosks. He's very secretive, working out of a secured windowless concrete building with no signs there is a huge jewelry operation inside. He was unwilling to say how much he made from those kiosks.

In many jewelry stores, I see a sign in the window - "I BUY GOLD". The other day, I drove by another brand new store with a sign "I BUY GOLD!"devoted solely to buy gold, selling nothing.

Is the "I BUY GOLD!" store another signal of a major top? Surely you don't need to buy my program to predict a top of gold prices is near - it would be a proliferation of "I BUY GOLD" kiosks... I don't see a proliferation just yet.

Things have changed. I know how to time the markets. Way back in 1999, as prices were going down, I wrote about a major bottom of gold and said prices could exceed the old high. Then 9/11/2001 came along, and I was sick to have profited from such horror and sold out at the jump and watched the prices go back down.

If you had listened, and used the pyramid or pillar technique, as prices moved higher, then you would be a millionaire by now.

In the book, I have identified the important key to gold prices and you too can profit from gold prices with more accuracy than the "I BUY GOLD" kiosk indicator.