Issue #150
Dear Member,
| For all subscribers:For each $25,000 in equity you are trading …
Buy 200 shares of the VelocityShares 3X Long Gold ETN, symbol UGLD, at the market. Note: I will be monitoring a risk-reduction stop for you. See below commentary. |
Further Details:
For over a week now, gold and silver have been trading in an extremely lackluster fashion and very tight trading ranges.
Part of the reason is the dog days of summer. The volume and liquidity of trades this time of the year is typically slow, for all markets.
Another reason is the simple fact that most traders and investors don’t know what to make of current events.
There’s no inflation on the horizon, they say, so why buy precious metals?
The stock market is recovering from its recent decline, so there’s no reason there either, they say, to own precious metals.
At the same time, many feel that since gold and silver (and mining shares) are not rallying due to the mess the world is in, geo-politically, and the horrendous beheading of an American journalist — they also figure that’s a sign that maybe the precious metals aren’t the place to be right now.
My view, not based on opinion, but based on solid facts from my forecasting and trading models — is that nothing could be further from the truth!
Gold, silver and mining shares are simply biding their time, while at the same time they are doing their darndest to convince everyone they’re dead in the water …
Which is precisely how the biggest moves up are formed!
In fact, looking at the 240 minute chart of gold, my models strongly suggest gold may have recently made a very important low, and that we should soon see a strong rally begin, one that will take gold up to the $1,334 level initially, then higher thereafter.
Therefore, I recommend all subscribers act on the above alert as soon as possible and purchase the Velocity Shares 3X Long Gold ETN (UGLD) at the market.
I do not want to show our hand, so rather than placing a protective stop right now in the market, I will monitor a stop for you — and let you know what to do when the time comes, either to take a profit, or get out of the position in the event my models are wrong, which at this time, seems highly unlikely.
Hold all other positions, with their related stops, and stay tuned.
Best wishes,
Larry
