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Saturday, August 3, 2013

Bill Fleckenstein: Gold

As titled in King World News: Fleckenstein - Gold & A U.S. Collapse That Will Rival Greece

Here is a snip of the KWN interview with Bill Fleckenstein from Fleckenstein Capital:

There still continues to be plenty of shorts (in gold). I think a lot of guys got out of the market, so I think the next leg of the bull market could be pretty wild once it actually starts to respond to news in a positive way.

Bottom Line: Gold is hated right now which makes me believe an intermediate low was set at $1180.

Downside risk remains at $950-$970 in 2014 however short term, its possible a snap back rally towards $1450 may be in the works.

As per my stock trade alert to subscribers on Friday, I sold a US equity. I wanted to raise some cash for possible short term trading opportunities including gold and gold stocks.


 http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/7/31_Fleckenstein_-_Gold_%26_A_U.S._Collapse_That_Will_Rival_Greece.html

Cheers,

Millionaire by 33

Subscribe to my Millionaire by 33 stock alert service and follow all stocks that I buy and sell. I will send you an email alert immediately after I buy or sell. Once you subscribe, I will also send you a list of stocks that I currently own. Subscription is $500 (US Dollars) per year. Happy Investing! Feel free to contact me anytime if you have any questions. contactme@millionaireby33.com

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