Important info: Gold and silver!

ALL members: Please be aware that according to my models, gold and silver are approaching what could be a very important bottom.

However, they are not yet at a bottom. So do not let this morning’s gold and silver rally fool you. The bounce is merely a knee-jerk reaction to Turkey shooting down a Russian fighter jet. A serious geo-political situation? You bet it is.

But it is not enough to light the fuse under gold and silver, just yet. Indeed, my work strongly suggests that the time window for the low is stretching out a tad, into the first week of December, largely due to the long Thanksgiving holiday.

Nevertheless, it’s now time for an important heads-up regarding gold and silver:

FIRST, be ready to actively trade the precious metals from the long side starting next week.

SECOND, please make sure you can trade options on gold and silver ETFs and mining ETFs.

If you do not wish to trade options, no worries. You will still get the leveraged ETF recommendations I will be making.

Trading options, however, will give you some added profit potential. So do consider it.

Keep in mind that you will not be selling or writing options, which requires a margin account. You will only be purchasing call or put options on ETFs or stocks. So it should be easy for you to get approved by your broker.

Right now, the markets are largely quiet, in pre-holiday trade. There are only four open positions in the portfolio.

We’ve also had a hell of a run recently, with gains of as much as 187 percent in the bank. Let’s keep it going by following the cycles into early next week before getting aggressive again.

To review, the four open positions include the following. If not on board any or all of the below recommendations, please do not buy now. Instead, wait for my next recommendations which will likely come right after the holiday.

DB Gold Double Short ETN (DZZ) with a good-till-cancelled protective sell stop at $6.53. Hold.