Issue #178
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For all members: For each $25,000 in equity you are trading … 1. Buy 300 shares of VelocityShares 3x Long Gold ETN, symbol UGLD, at the market and simultaneously place a protective sell stop, good till cancelled, at $10.27.
2. Buy 300 shares of ProShares Ultra Bloomberg Crude Oil, symbol UCO, at the market and simultaneously place a protective sell stop, good till cancelled, at $8.76. |
Dear Member,
The U.S. and foreign equity markets are clearly in trouble, now feeling the first winds of deflation. At the same time, panic is breaking out in the Russian stock and currency markets due to oil’s slide, while emerging markets are also beginning to rattle.
Meanwhile, my models show that gold and silver have another shot at a decent rally – before their downtrends resume.
At the same time, crude oil prices may be temporarily bottoming.
Therefore, without delay, please act on the above two recommendations.
Hold your inverse stock index ETFs – RWM and QID.
Lastly, all members who owned shares in Enservco (ENSV), should now be out of that position, when the limit order to sell your shares at $1.52 was hit on Thursday, the 11th.
Stay tuned. The markets are really starting to move now, with lots of opportunities opening up.
Best wishes,
Larry
