Grab up to 22.5 Percent Gains on JJC! Stay Short the Euro. Buy PPLT Now.
JJC has continued higher since the election, up roughly 14 percent since then. In fact, it’s now showing nice open gains of as much as 22.5 percent since I first recommended it back in April of last year.
As noted in the main article, I do indeed expect a pullback in copper heading into February and I don’t want you to give back any gains. Therefore, I recommend …
n SELLING ALL of your shares in iPath Bloomberg Copper Subindex Total Return ETN, symbol JJC, at the market and simultaneously cancelling your good-till-canceled protective sell-stop at $27.10.
Then, I recommend …
n Holding your shares in ProShares UltraShort Euro, symbol EUO, and maintaining a good-till-canceled protective sell-stop at $20.86. You have a modest 11.5 percent gain on the position.
As I expected, the euro is bouncing a little higher, but it still hasn’t rallied through any major levels of resistance.
If you need to exit EUO, I will alert you via flash alert.
If not on board, you may purchase EUO at the market now using 5 percent of the funds you have allocated to The Speculator section. Place a good-till-canceled protective sell-stop at $20.86.
Now, on to my new recommendation: ETFS Physical Platinum Shares (PPLT).
PPLT seeks to mirror the performance of physical platinum, less some expenses to run the fund. Overall, this is a cost-effective and convenient way to invest in platinum. Currently trading at roughly $94.05, I believe PPLT will pull back a bit before heading higher again. As stated in the main article, my models are showing a small pullback around the time this issue publishes (late January), then it’s off to the races. Platinum should see a strong rally into early May and PPLT should do the same.
So go ahead and place an order to buy PPLT at $90 or better:
Place a standing good-till-canceled order using 5 percent of your funds allocated to The Speculator section and buy ETFS Physical Platinum Shares, symbol PPLT, at $90 or better. When filled, place a good-till-canceled protective sell-stop at $81.07.
