| Recommendations:
1. Cancel and replace your protective order to sell 200 shares of Direxion Daily Gold Miners Bear 3x Shares (DUST), to close at $28.06, STOP, good-till-cancelled. NEW PRICE: $30.59, STOP. This order is good-till-cancelled. 2. Cancel and replace your protective order to sell 100 shares of ProShares UltraShort Silver (ZSL), to close at $59.10, STOP, good-till-canceled. NEW PRICE: $72.09, STOP. This order is good-till-cancelled. 3. Cancel and replace your protective order to sell 400 shares of PowerShares DB Gold Double Short ETN (DZZ), to close at $4.41, STOP, good-till-cancelled. NEW PRICE: $6.04, STOP. This order is good-till-cancelled. |
Issue #40
Dear Member,
Gold and silver are plunging along with the cycles I showed you previously, and headed toward a late September/early October low. Gold is down another $17 this morning, on top of a $33 loss yesterday. Silver is down another $0.31, on top of a whopping $1.12 plunge yesterday.
This, when most analysts are expecting strength in the precious metals based on seasonal assumptions and a whole bunch of propaganda, showing you that they truly have no clue how precious metals move!
You are racking up some nice open profits. Tighten up your stops per the above instructions, immediately.
A close in gold today below $1,317.90 is a WEEKLY sell signal, indicating gold should drop next week toward the $1,260 support level.
Stay tuned and best wishes,
Larry
