Did you take my advice?

Good morning all,

Well, I handed you this whole scenario on a silver platter! Did you take my lead and BUY GOLD and SELL the DOW? I certainly hope so because on August 14th I said BUY GOLD and we've been buying since that time including the temporary dips that ensued. Now, DEC GOLD is testing the contract highs at $718. That's a huge move but I believe it's just the beginning. Gold's allure will increase as the financial markets continue to come unraveled. Then the panic will push Gold to all-time highs in quick fashion.

We've been very bearish on the DOW and today's action, down 215 right now, should pave the way for a break of the previous lows which will set off a chain reaction of monumental proportions. There's all kinds of ways to make money in the markets but, unfortunately, a lot of people simply can't understand the Futures markets, believing them to be too esoteric for them. Some just can't make the choice to participate when their inner voice is telling them to jump in. That's unfortunate but true.

We'll be here if you need us. In the meantime, enjoy the action because you ain't seem nothing yet!

Dale F. Doelling
President and Chief Market Technician
Trends In Commodities