Open Gains of as Much as 16.5 Percent.
Hold JJC and EUO.
To review, your current speculative positions should include …
ProShares UltraShort Euro, symbol EUO, from roughly $23.30 with a modest gain on the position. Hold, and maintain a good-till-canceled protective sell-stop at $20.86.
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.
The euro is still headed down the tubes. Yes, it’s taking longer than I expected. But there’s no question what the euro’s intermediate- and long-term trend is: Obsolescence. By 2020 or perhaps even sooner, it will cease to exist.
Short-term, the euro is starting to slide again as the U.S. dollar powers higher. Remember, the rest of the world — with the exception of Asia — is in worse shape than the U.S.
Plus, President-elect Trump’s desire to cut U.S. personal and corporate taxes and help repatriate the nearly $3 trillion of corporate cash sitting overseas …
Means the dollar is headed much higher.
niPath Bloomberg Copper Subindex Total Return ETN (JJC). Hold, and maintain a good-till-canceled protective sell-stop at $22.26.
Copper naturally pulled back with the precious metals, but is still in a new bull market.
If not on board, you may purchase JJC at the market using 5 percent of the funds you have allocated to The Speculator section. Place a good-till-canceled protective sell-stop at $22.26.
You should have been stopped out of your shares in ProShares UltraShort Silver, symbol ZSL when it hit my recommended stop at $29.05.
For now, stand aside until I get more clarity on gold and silver and whether or not a cycle inversion is in the cards.
Lastly, stay tuned to your inbox for flash alerts — the markets are really heating up and so are the opportunities.
