THE MICIK MARKET LETTER
Gold Update

Alan Micik snippet
Posted Jul 13, 2012

MML recently wrote the following Update for Subscribers. Note that our views and/or positions may, or may not have changed from July 1, 2012. On that date, GLD was 155.19, and Spot Gold was $U.S. 1,604.20.

This $1,550 support zone is now too obvious and it will be broken in due course.

When this level breaks, trading “gaps” and “disorderly market conditions” might appear, but there is truly no accurate way to forecast the nature of a down move. Sometimes, down moves are simple “slow erosions” in price, and that may be so in the near-term. Our MML opinion is that this will not be a “slow erosion” type of decline, but we shall see.

The support at $1,550 is a massive chart formation compared to the minor $GLD chart formation of March, April, and early May, but it is the same formation on a grander scale. A decline, therefore, would be expected to be substantially greater, and it would likely persist unlike all the declines since November, 2011. Our “best opinion” is that there will soon be no second chance (s) to “hedge.”

Here is Spot Gold on the lower chart on July 1, 2012 when MML wrote, and what it looks like today on July 12, 2012’s close on the higher chart.

MML's "hedging" positions now have closed profits of $184 per ounce since November of 2011. With Spot gold at $1,573 on Thursday’s 7/12/12 close, our physical gold is now worth $1,757 per ounce (184 + 1,573=1,757). This record, to the best of our knowledge, is the best "hedging" performance of any market letter that publicly shares their results. We also look for bullish gold trades as well as “hedging” transactions as you can observe from our May 30, 2012 Update here at 321gold.

For MML Traders it has been a profitable year, and for MML Investors our “hedging” has been compensating for a difficult gold market thru early July, 2012 without ever selling an ounce of our physical gold.

This week, we have issued a Gold Update which covers our current outlook for gold and what we are expecting.

If you would like to review our current MML forecasts for gold, silver, the $U.S., $U.S. Stocks, or $U.S. Bonds, consider a subscription (details are listed below). Note that unlike other market reports, we do not have regular “publication” dates as the markets create the dates of action, and thus the communication to our subscribers. In deference to our subscribers, we have an 8 day “Quiet Period” from all Updates before any Posts.

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Jul 1, 2012
Al Micik
email: atmmail@sbcglobal.net

The Micik Market Letter (MML) covers opportunities in any market sector when low-risk opportunities are identified for the investor and/or trader. Ongoing coverage is provided for gold and physical gold hedging strategies. Silver & GDX are periodically covered when low-risk opportunities occur. MML uses proprietary indicators combined with technical analysis, and contrary opinion. Unlike other market reports, we do not have regular “publication dates,” as the markets create the dates of action, and thus the communication to our subscribers. Individual shares in any sector are generally not covered, but nor are they excluded. By using baskets of stocks (ETF’s), we seek to decrease our risks and have improved liquidity when it’s time to exit a position. This enables us to use reasonable Stops, and we use them on every single trade in order to limit our own emotions. This is a new 2011 publication, but the editor has 36 years of market experience.

SUBSCRIPTIONS: US $145 per year. No refunds, so consider the trial service. Trial subscriptions (one-time/non-refundable): US $30 for 8 weeks which includes all reports an annual subscription receives, and the prior 2 Month’s of Updates previously sent to subscribers enabling you to fully evaluate MML on a 16 week basis. If you elect an annual subscription without a trial subscription (this includes our prior 2 months of Updates) our pricing is US $125 for the first year. This is an email service. Email us at atmmail@sbcglobal.net and we will send you a Pay Pal Invoice for the subscription you elect (credit cards are accepted). For those that would like to review additional MML articles, we are archived here, at 321Gold.

DISCLAIMERS: Market opinions and recommendations detailed in this letter, while expressed in good faith, are not guaranteed, and losses will occur with any investment strategy, including this service. Each investor/trader/hedger must carefully manage to their individual risk tolerance and use “stops” to control their risks. At no time should the subscriber infer that opinions or recommendations are customized actionable advice, or be construed as an inducement or suggestion to trade or invest. The editor, publisher, associates, directors, consultants, employees, and accounts under management may, or may not, have positions in securities or derivatives described herein. Actions taken as a result of reading MML is the sole responsibility of each reader. MML is not and does not profess to be a professional investment advisor. Readers are advised to consult with their own professional advisers, attorneys, and accountants before making any investment decisions. By your reading MML (an independent market research letter) you fully and explicitly agree that MML will not be held liable or responsible for any decisions you make regarding any information discussed herein.

321gold Ltd