Yesterday, you should have sold your positions in ProShares UltraShort Crude Oil ETF (SCO) for a nice gain of 22.24%. Perfect! Oil is bouncing higher, just as Larry’s E-Wave model forecast, and now we will be looking to possibly play the long side of oil and energy stocks soon, but wait for our signal.
Meanwhile, the model has also been right on the money for the precious metals, with gold and silver correcting in recent weeks. Silver was down as much as $1.50 from its high on March 1. But the white metal is extremely oversold now and bounced after yesterday’s Fed meeting.
You’re sitting on open gains of 18.3% on your remaining shares of VelocityShares 3x Inverse Silver ETN (DSLV), and that’s on top of the 23% profits you banked on the first half of this position.
The model now expects a rebound rally in silver beginning very soon. And we intend to play that rally for even more profit potential with new recommendations on the upside, but wait for our signal.
Meanwhile, now is the time to take the rest of your gains off the table in DSLV. Here are the details:
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For ALL Members who own DSLV: Place an order to sell ALL of your remaining shares of VelocityShares 3x Inverse Silver ETN, symbol DSLV, at the market. Then, cancel your good-till-canceled protective sell-stop. |
Go ahead and get this order in to your broker asap.
Good Investing,
Mike and David
