Issue #141
Dear Member,
Right on cue, gold and silver are pulling back, just as I expected. Gold is down $23 this morning, silver down roughly $0.38.
Naturally, we should also see mining shares pullback today as well.
This is setting the metals — and the miners — up for a very nice powerful rally going forward. But for now, I need to see one more day’s worth of trading action to make sure this correction is ending, and that a bottom is forming.
Maintain your orders to buy shares in Kinross Gold Corp. (KGC) … Silver Standard Resources Inc. (SSRI) … and the Direxion Daily Junior Gold Miners Bull 3X Shares ETF (JNUG).
And I repeat, please DO NOT buy at the market. Stick with my buy limits as outlined previously and let the market come to you.
If you are filled on the outstanding buy limits, make sure you immediately enter the corresponding protective sell stop, on a good till cancelled basis.
If I see any changes and need to update the orders, you’ll be the first to know.
Stay tuned!
Best wishes, as always …
Larry
