Issue #181
Dear Member,
Per yesterday’s issue, you should have been able to scoop up 500 shares of Kinross Gold Corp. (KGC) and 200 shares of Eldorado Gold Corp. Ltd. (EGO), at roughly $3.21 and $6.93, respectively.
Please make sure you have also placed your protective stop orders, good till cancelled, at $2.45 and $5.50, respectively.
Gold and silver are pulling back this morning, but my models show a continued rally this month, up to as high as $1,275 in gold and $17.20 in silver. This should lead the miners higher as well.
Even more so since I now have confirmed signals that the elusive and long-awaited correction in the stock market is finally here. Short term, stocks are oversold and should bounce, as they are doing this morning, but more losses are in store for the broad stock markets later this month as well. Gold, silver and miners should act counter-cyclically.
Shortly after yesterday’s issue hit your inbox, however, you should have been stopped out of your long position in ProShares Ultra Bloomberg Crude Oil ETF (UCO). Stand aside for now and await my next signals. Oil should soon bottom and stage a very powerful bounce, one that I will look to capitalize on.
Your Direxion Daily Gold Miners Bull 3x Shares ETF (NUGT) is now up over 38%. Hold! Your shares in VelocityShares 3X Long Gold ETN (UGLD) is now showing open gains of just over 4%, with more expected.
Hold all other positions and stay tuned. Exciting moves and many opportunities are now shaping up.
Best wishes,
Larry
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