After getting slammed last week, gold is taking a breather and is now hovering above its recent low at the $1,250 – $1,260 support level, down over $100 from its July peak.
This has all pretty much unfolded just as I expected and forecast from the very beginning of gold’s rally early this year.
Now, it appears that gold and silver are bottoming, so it is time to lock in the gains you have on your remaining shares of ProShares UltraShort Gold, symbol GLL, originally recommended July 18 and July 25, and ProShares UltraShort Silver, symbol ZSL, originally recommended August 22.
Go ahead and grab up to 11.3% gains on all of your remaining shares of GLL and 13% gains on all of your remaining shares of ZSL.
NOTE: It is not yet time to go long the precious metals. I need to see a bit more confirming action, even though the cycles are indeed starting to turn up.
Here are the details for today’s trade:
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For ALL Members who own GLL and ZSL:
Be sure to cancel your outstanding good-till-cancelled stop orders. |
Go ahead and get these orders in asap and stay tuned.
Best wishes,
Larry
