April 30, 2013 - Internationally known trading and forecasting advisor Glenn Neely has been warning NEoWave Trading service subscribers for months that Gold's bull market was ending - and that a new, multi-year BEAR market was on the horizon.
In fact, on April 12, Glenn Neely instructed his NEoWave Gold Trading customers to short the precious metal (it was down approximately $60 at the close). On April 15, he alerted all NEoWave clients: "Based on its decline the last few days, there is no doubt Gold's bull market is OVER. Just today, Gold was down more than $100/ounce at one point! Such a hyper-collapse only occurs at the start of a major (probably multi-decade) downtrend." Within two trading days of his April 12 recommended short, Gold had dropped another $180. Thankfully, due to months of warning, Mr. Neely's subscribers avoided being long Gold, plus many NEoWave Trading service customers actually profited from the decline.
In a recorded interview on April 18, Mr. Neely publicly announced: "It's official - on February 5, 2013, Gold began a new, multi-year BEAR market." He added, "This is the beginning of what should be one of the largest, fastest declines in gold in history."
Click to hear this 30-minute interview with Glenn Neely and view more charts.