Three reasons.
- Gary Savage, whom I've grown to respect tremendously, has gone ga-ga over gold. This means a lot to me.
- Elliott Wave International, which never seems to have met a market they didn't think was going to go down, has actually turned bullish on gold (medium-term).
- The charts look like they've bottomed out (again, medium-term)
I believe these will all make dynamite shorts again – – maybe in a week, maybe in a month – – I am not sure how long. But for now, I'm doing something I rarely do, which is go long, and go long big.
