Gold and silver have been moving in lockstep with my AI cycle charts forecast this year, giving us another opportunity to grab partial gains on our gold and silver positions.
For your VelocityShares 3x Long Silver ETN (USLV), originally recommended January 26 and January 5, you are currently sitting on open gains of up to 20%, so let’s take half the profits now, and leave the second half open for more potential gains ahead.
Same for your position in ProShares Ultra Gold (UGL) recommended on January 26 and January 5 – now sitting nicely into profit territory, with open gains of up to 9%.
Also, I recommend that you raise the stops on your remaining shares of UGL and USLV, per the instructions below.
Here are the details:
|
For ALL Members who own UGL and USLV: Place an order to sell HALF of your shares of VelocityShares 3x Long Silver ETN, symbol USLV, at the market. Then adjust your existing sell stop, by placing a good-till-canceled protective sell stop at $13.80 on your remaining shares. Place an order to sell HALF of your shares of ProShares Ultra Gold, symbol UGL, at the market. Then adjust your existing sell stop, by placing a good-till-canceled protective sell stop at $36.32 on your remaining shares. |
Go ahead and get these orders in to your broker asap and stay tuned for my next update.
Best wishes,
Larry
