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“Upper classes are a nation’s past; the middle class is its future.” Ayn Rand, author (1905-1982) from the Arizona Republic, April 30, 2017.
Ever since the second World War ended in explosions bright as the sun, we have feared the start of the third. Einstein said he didn’t know what weapons would be used to fight World War III, but World War IV would be settled with sticks and stones. – Rick Hampton, “World War III: Americans are Thinking of the Unthinkable,” USA Today, May 2, 2017.
As mentioned last week, I will not be able to write a normal and great column this week after market’s close, because my son is getting married on Saturday, May 6, with rehearsals and dinners on Friday. As a proud Capricorn father, I must attend to these duties.
Nevertheless, let me make couple of announcements before I take off.
A special report on Silver was issued this past week to all MMA subscribers. We have been waiting for Gold to develop a certain pattern in a particular time band, and that is starting now. But first, it started in Silver this past week. If you are a subscriber and did not receive this special report, please let us know at once. We will refine this analysis and address Gold in the next MMA Cycles Report, which comes out a week from Monday, May 15. If you do not subscribe to the monthly MMA Cycles Report, and would like a copy of the next issue that will have a special section on Gold, consider opening up a subscription at www.mmacycles.com, under SERVICES.
Also, the writing of the third edition of The Ultimate Book on Stock Market Timing, Volume 1: Cycles and Patterns in the Indexes is well underway now. This is the most comprehensive book ever published on the cycles of the stock market (DJIA, S&P and Nikkei), with analysis going back to the British stock markets of the 17th century. A lot has happened since this book was first written in 1997, twenty years ago, including the long-term cycle low of March 2009 in the recent “Great Recession.” All longer-term cycles have been updated, as well as intermediate and shorter-term cycles and their phases. This is a must-have book if you are serious investor, trader, or student of cycles, which is one of the most important tools used in market timing. There is nothing else like this book available today. The expected release date is this July-August, and we will now offer a pre-publication special rate of $95.00 (plus postage) to those who pre-order it before June 30. After that, the cost will be $125. For more information, please visit the MMA website at www.mmacycles.com. For a direct link to pre-order the new version of this book, go to http://new.mmacycles.com/index.php?route=product/product&path=64_59&product_id=66 and check it out.
“The Ultimate Book on Stock Market Timing: Cycles and Patterns in the Index” is literally the ultimate book on the analysis of the stock market. We are especially impressed with various waves of long-term cycles for more than 200 years, which we have never seen.” - T. Kaburagi, Toshi Nippou Ltd (Japan’s major commodity newspaper).
Have a great week! And we will resume our regular column next week.