1. Market Update

The Brexit vote was a surprise but my alternative scenario for this unlikely event was a bull's-eye. Gold immediately spiked sharply higher and met some profit taking around $1,350. Now two weeks later it's even higher and in a strong uptrend. Gold knows that all these new uncertainties as well as the extremely unstable situation in the financial markets worldwide plus negative real interest rates will force central bankers to print even more money in the coming years.

I continue to believe that precious metals are in a new epic bull market and will protect you against the coming loss of confidence in our fiat money system. But I also believe that probably everything else will move higher too.

The best places to be invested are precious metals (especially silver) & mining stocks, cryptocurrencies, commodities and Biotech. I focus on these promising sectors and have some new immediate buy recommendations today (see portfolio & watch list).

If you have followed my advise to buy the last dip in the gold market below $1,210 you should already sit on very nice gains. If you have missed it don't worry and don't chase this parabolic rally. You will get another chance! Otherwise just let your winnings run.

As I have been saying since December Gold is on the way to $1,500/1,530 – either directly within the coming weeks & months or until spring 2017. On the way to $1,500 we might get one or two more dips. But most importantly $1,500 will be a massive profit taking event and will lead to a huge but short-lived pullback towards $1,250 – $1,300. This will take time of course and is more likely to happen towards 2017. As a reference I recommend to take a look at the recovery from the 2008 low at $680. Back then gold first rallied towards the $1,000 wall and after reaching it retraced nearly 50% of this rally down to $865! In the end it's always the same: two steps ahead one step back… Patience and a plan will pay off. Fear of missing out instead will create emotions and losses.