GST Issue #217
Dear Member,
Gold has fallen back to important support levels at the $1,208 area, but with cycles pointing down hard into June 25, it now appears less likely that a rally will develop. Hold your GLD put options and inverse gold ETFs.
At the same time, while gold mining shares ran higher with the gold rally, miners could be poised now for another leg down.
As a result, I now recommend you purchase 200 shares of Direxion Daily Gold Miners Bear 3X ETF (DUST), details below.
The U.S. equity markets also are continuing higher this week, but I believe we are getting EXTRMELY close to a major near-term top, so continue to hold both of the bearish stock market positions I have recommended, which include Direxion Daily S&P 500 Bear 3X ETF (SPXS) and ProShares UltraShort Dow30 (DXD).
Now …
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For all members, for each $25,000 in equity you are trading:
BUY 200 shares of Direxion Daily Gold Miners Bear 3X ETF, symbol DUST, at the market. Place a protective sell stop at $10.54 stop, good till cancelled. |
Hold all other positions and stay tuned …
Best wishes,
Larry
