Issue #133
| Recommendation:
Sell ALL of your shares in CurrencyShares Australian Dollar, symbol FXA, at the market. Then cancel the good-till-cancelled protective sell stop at $86.88. |
Dear Member,
It’s a tiny gain, but my work tells me the Aussie dollar is about to pause and head lower. So I recommend you take the money off the table. Importantly, the Aussie dollar has much more upside longer-term, but I want to reposition you after a correction.
It looks like you have a nice position in SPXS now, bearish the stock market, with the S&P 500 down roughly eight full points in early morning, pre-opening trade today. Meanwhile, IAG closed yesterday’s session at $3.77, and is now up as much as 23.6% since first recommended last week.
Gold and silver are crawling higher, but I expect one more downdraft before getting more aggressive on the long side.
Go ahead and act on the above recommendation for FXA, ASAP, and hold all other positions and stops.
Best wishes, as always, and stay tuned!
Larry
