Some of you dear followers have problems to post your comments and I keep getting your Qs thru emails. Inconvenience regretted. Well, I just received the following from Pier:
Q: "Dear Mister Cacca, I have noticed little activity on your blog lately, can you tell us your vision of the markets now? Is UNG bound to 5$ ? Is NG going to hold above 2$ ? Where are gold and silver heading? And OIL?"
A: In brief, our famous AMAC strongly believes that the market will start being bearish on Oil, Gold and Silver and bullish on NG.
History gave us the absolute proof that each time the NG is so dirty cheap it rebounds 76% of its low in less than 3 months. So, hold on.
Gold reached the 998 level yesterday. In this connection, I am pleased to reiterate our view posted on August 30th "AMAC still predicts the 998 - 1010 level in the very near future before significant retreat to 800/820 level.".
We are waiting another 8% rally for Silver before we recommand the AGQ Oct 50 PUT, symbol +AGQVJ.
Finally, you are kindly reminded that 95% of short term investment end in disaster, so be very careful and have a good trading day.
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