Good morning. Just a quick update here: Gold is trading lower this morning, down approximately $7 at the $1,317 level as I pen this issue. Silver is also down. Currency markets are stable. As are global stock markets.
The sell signal in gold is now in effect, so I want you to add shares to your GLL position today.
Before you do, my condolences to those murdered and injured at a Fort Myers, FL, nightclub early this morning. Sadly, as I’ve told you before, with the cycles of war increasing their amplitude heading into 2020/21, we’re going to see more and more domestic unrest, domestic terrorism and international terrorism, and geopolitical events.
Also, a note to those of you who may not have exited the ASHR October 2016 $24 call options (ASHR161021C00024000).
If, for whatever reason, you have not exited those call options – leave your standing order, sell to close at $1.63 or better, good till canceled. ASHR should soon rally and I think you’ll get a second chance at selling that option. I’ll keep you advised.
Now, on to my recommendation: Adding more shares in GLL.
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For All Members … Using 2% of the funds you have allocated to this service, buy ProShares UltraShort Gold, symbol GLL, at the market. Place a good-till-canceled protective sell stop at $62.42 (the same as your other GLL shares). |
Best wishes,
Larry
