New subscribers — or those of you who have not acted…
Recommendation: Buy 5 January 2015 SPDR Gold Shares ETF call options with a strike price of $155, symbol GLD150117C00155000, at the market. Alternative if you are not trading options: Buy 100 shares of SPDR Gold Shares, symbol GLD, at the market. Place a protective order to sell 100 shares of SPDR Gold Shares, symbol GLD, at $113.90 stop, good-till-cancelled. |
Dear Member,
If you’re a new subscriber — or you have not acted on my most recent recommendations, for whatever reason — now is the time to do so.
The reasons were laid out in yesterday’s webinar, for which you should have already received the archive link, and will shortly receive a transcript.
In a nutshell, gold is at a crossroads. It’s in a major bottoming process. And since I cannot tell you the exact day, week, or price at which gold will bottom, no one can — now is the time to stake out a core position, but with limited risk and huge upside profit potential.
It comes down to this: While the daily cycles for gold are bearish right now, the weekly cycles are bullish. And since the weekly cycles eventually overpower the daily action, you want to be long, but again, with limited risk.
So I recommend buying the very same call options on gold that I recently purchased for myself.
Those call options are the January 2015 155 calls on the SPDR Gold Shares ETF, symbol GLD150117C00155000.
These options effectively give you control over 100 shares per contract of the most liquid gold ETF, and they do not expire until January 2015. They are currently out of the money call options, but if gold skyrockets over the next 14 months, as I expect it will, they offer tremendous upside profit potential.
So if you have not previously acted on this recommendation, or you are a new subscriber, now is the time to act.
If you are not trading options, for whatever reason, act on the above alternative, buying 100 shares of the SPDR Gold Shares ETF (GLD), at the market, placing a protective order to sell 100 shares of GLD at $113.90 stop, good-till-cancelled, to help reduce short-term risk.
I repeat: New subscribers — or those of you who have not acted on the above recommendation — should act now.
Stay tuned. The gold market is about to get very exciting.
Best wishes,
Larry