| Recommendation: Per every $25,000 of equity you are trading …
1. Buy 200 shares of Direxion Daily Gold Miners Bear 3X Shrs, symbol DUST, at $30.50 or better, to open. Then enter a protective order to sell 200 shares of Direxion Daily Gold Miners Bear 3X Shrs, symbol DUST, to close at $26.83, STOP. This order is good-till-cancelled. |
Issue #37
Dear Member,
The cycles I’ve been telling you about that point to a decline for gold and silver this month are now hitting the markets hard, with gold down nearly $20 this morning and silver down another $0.44 cents.
From a fundamental explanation, it’s not hard to see why the metals are getting hit: Obama’s Syrian policy is a train wreck. Little or no support from Congress, nearly zero support from the American public … and Obama is being upstaged nearly every step of the way by Russian President Putin, who is handling the Syrian crisis much more skillfully.
Importantly, the Dow Industrials are now near a temporary secondary top and should begin a renewed decline. Declining metal prices coupled with a decline in the broad stock market should hit mining shares hard. Although I expect miners to hold their early August lows, there is enough downside short-term in the miners to warrant the above trade.
Go ahead and act on the above recommendation and related protective sell stop as soon as possible.
Stay tuned and best wishes,
Larry
