On March 16, the ProShares UltraShort FTSE Euro, symbol EPV, hit my recommended good-till-canceled protective sell stop at $44.35. You should be out of this position, after taking a small loss. Stand aside for now, I will look to have you re-enter EPV once the buying interest in European equities begins to wane.
Then, on March 27, the ProShares UltraShort Euro, symbol EUO, hit my recommended good-till-canceled protective sell stop at $25.30. You should also be out of this position with a total return of as much as 8.58%. Again, stand aside for now. I will look to re-enter this trade in the future. We could still see another rally in the euro over the short-term. But my long-term view on the euro hasn’t changed one bit: I remain very bearish on the euro long-term.
Geopolitical tensions are rising around the world, along with rising social discontent, and terrorism. This will lead to many new opportunities for investing, but we need to be patient and wait for the timing to be right. It’s been a longtime coming, but the equity markets in both Europe and the United States are likely headed for a big pullback. But now is the time to be patient.
Stay tuned to your inbox: As the markets start to heat up you can count on new opportunities flashing straight from me to you.
Meanwhile, continue to hold your position in …
ETFS Physical Platinum Shares, symbol PPLT. Hold, and maintain a good-till-canceled protective sell-stop at $81.07.
Since we entered the PPLT position last month, the price of platinum has been choppy at best. But the good news is you’re currently sitting on a small open gain. Now, it’s still possible that we could see some further weakness in platinum. But my models are still showing another surge in platinum heading into next month.
If not on board, you may purchase PPLT at the market now using 5 percent of the funds you have allocated to The Speculator section. Place a good-till-canceled protective sell-stop at $81.07.
