Issue #63
Dear Member,
On Friday, gold closed at roughly $1,352 ― well above the $1,338 weekly buy signal.
This morning, gold is trading a tad lower, and since gold closed roughly $14 above the weekly buy signal on Friday, we are now likely to see gold trade back down to test that $1,338 level, before taking off to the upside in earnest.
So right now, it’s a waiting game where we stalk the gold market. We need to see some backing and filling. And provided we get it, I will be shooting you instructions on my next reco ― a reco I myself will be acting on and which will include call options to take advantage of the upside, while at the same time, buying some call options on an inverse ETF for some insurance to reduce risk.
This is important. As I pointed out in my last issue, gold is now entering a very important time window — one where either the low at $1,178 back in late June will be proven to be the final low, or a window where gold will suddenly explode higher, but then fail, and trade substantially lower heading into January.
We will be ready to take advantage of the moves, no matter what they are. Remain patient, wait for my signals, and make absolutely sure your account is ready to trade options.
Stay tuned and best wishes,
Larry
