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Gann Management Ltd- Celebrating 28 years of
continued success!
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Telephone 0161 285 4488 | Fax 0161 494 6432 | Email
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24th September
2007 |
COMMODITIES TO TAKE OFF?
A week or so
ago our analysis of the metals commodity markets looked particularly
interesting producing no less than 11 buy signals supported by 7 shorts in the
event of the support for the buy signals being smashed. Last Friday saw 3 of
the buy signals triggered down from tops as far away as 50%, 25% and 16.66%.
This allows plenty of scope even for a modest retracement of the falls. There
are a further 8 possible buys for those subscribers and future subscribers who
missed Fridays signals.
Even more good news emerged over the weekend
with my analysis of Soft commodities exposing a further 9 possible buys and 6
possible shorts.
Patience has been the key element for these sectors
which could now prove to be big winners for the rest of the year. Once again we
could see the latter part of the year producing the goods as it has done over
the past two years albeit a little later this year.
TIME
OF OPPORTUNITY OR CAUTION? THE MARKETS TO SOLVE THE DILEMA
World investment markets have been in turmoil over the last few months and as
ever investors close their eyes after listening to the self interest assurances
from the experts with their protestations not to panic. This is a time for a
great defence not a time to live in hope and resultant fear. Cash is always the
place to be with its undeniable security when obvious doubts for the future
arise.
However, it is vital to have the ability to re-enter the fray
where outstanding opportunities might be found. Over the past month I have
checked and re-analysed over 8000 investments in an attempt to take advantage
of the current dilemmas. When in cash, as we are, such times demand greater
efforts to isolate the opportunities which are inevitably exposed by
dislocations as have been experienced recently.
Our last report
suggested the commodity markets could be an area of opportunity and this still
remains a probability.
The current assessment notes that the energy and
gold sectors are near to upside breakouts which may trigger opportunities. The
UK & US stock markets have exposed ‘shorting’ possibilities
whilst buys could emerge for China, Canada Metals, Malaysia and Singapore.
Whether these opportunities are triggered depends upon the markets
telling us when to act but act we will as and when the right time and prices
are reached.
‘DON’T FOCUS ON MAKING MONEY; FOCUS ON
PROTECTING WHAT YOU HAVE ..... PLAY GREAT DEFENSE, NOT GREAT OFFENCE ..... THEN
THE PROFITS WILL FOLLOW’
This is our long held general strategy
which has resulted, when religiously followed in conjunction with Gann
techniques and the informed buyers index, in our subscribers avoiding the
agonies of Bear markets followed by huge returns both on the ‘short’
and long side of markets…but you must have king cash when it matters and
it matters now!
You don’t believe us! Then reference to our past
pre-diagnosis and action instructions for both short and cover actions in 2001
to 2003 will prove how our subscribers were able to produce over 200% profit in
our the spread betting arena. It is worthwhile noting that none of our pension
holders lost a single penny over the past decade whilst millions have seen
their savings disappear.
WHERE TO FROM HERE - 24TH
SEPTEMBER 2007 (UPDATE)
Following our last report a couple of
weeks ago the markets have recovered but in our view current strength is
unlikely to persist. The testing point will be when the July highs are reached.
If these highs are breached then we will return to a more bullish stance.
In the meantime our observation that the Energy and Gold sectors were
of special interest has been proved sound. Happily, after a period requiring
patience, progress has also been made in the metals area. Nickel (20.8%),
Silver (6.35%) and Gold bullion 9.28%) have moved substantially. To support the
bullishness in Gold, Hecla Mining (12.88%) was purchased with an exciting move
to date supported by progress in our other holdings, EBay (9%); Xilinx (1.27%);
Rosneft (Russia) (8.2%) & Weatherford (8.15%%).
Shortly we will probably have to
confront decisions whether to take profits and to once again revert to a
defensive position with a heavy reliance upon cash. Always bear in mind that
selling is far more important than buying so a great deal of attention should
be directed to this end. Every day we assess whether our holdings remain worthy
of our support…if not they are ditched swiftly.
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