First things first: Yesterday, you should have been able to easily bag your profits on half your positions in UUP, UUP call options, EUO, EUO call options, and your DZZ shares.
Some of the gains were small, while others were as much as 51.9%. Nice work! More gains are coming, that I can assure you.
Importantly, October’s unemployment figure just came out and it shocked markets – but in accordance with the trends at hand. Nonfarm Payrolls increased by a whopping 271,000, versus 190,000 expected …
While Private Payrolls increased by 268,000, versus 174,000 expected.
The overall unemployment rate fell to 5.0%.
As a result, the dollar is soaring, the euro is tanking and gold and silver are plunging, with gold now trading below $1,090. Stocks are getting hit a tad, but not much (for now). Interest rates are surging as this is the evidence the Fed needs now to raise rates in December.
If this market action isn’t a testament of the power of using cycles, I don’t know what is! The precious metals, the dollar, the euro and other currencies, including the yen are following the cycles to a tee. Not so much so in the stock market, but it will soon.
Don’t worry: Your remaining open positions are racking up even more gains, and the markets are now oversold and due for a bounce, which I will use to get you back into some new positions. Gold is now heading to a new low, right on target!
Stay tuned and best wishes,
Larry
