Trade Alert: Grab gains on half of UGL and USLV positions!

Gold and silver are moving higher this morning, right on cue with my AI cycle charts forecast. Gold is up over $17 an ounce as I pen this and silver is up about $0.26 to the $17 an ounce resistance level.

This has pushed your position in ProShares Ultra Gold (UGL) recommended on December 7 and January 5 – into profit territory.

However, I remain cautious about a possible correction for the precious metals toward the end of January. So it makes sense to grab the gains on half of your UGL position now, leaving the second half open for more potential gains.

Same for your position in VelocityShares 3x Long Silver ETN (USLV) originally recommended January 5. Let’s take half the profits now, and let the rest ride.

Here are the details:

For ALL Members who own UGL and USLV:

1. Place an order to sell HALF of your shares of ProShares Ultra Gold, symbol UGL, at the market.

2. Place an order too sell HALF of your shares of VelocityShares 3x Long Silver ETN, symbol USLV, at the market.

Be sure to adjust your outstanding good-till-canceled stop orders to match the remaining shares in your account.

Go ahead and get these orders in to your broker asap and stay tuned for my next update.

Best wishes,

Larry