Issue #60
Dear Member,
Gold and silver are holding yesterday’s gains this morning, but I am not convinced at all that gold is ready to break out. As I noted yesterday, at the very least, for this rally to continue, we need to see gold close above $1,338 today, then early next week, dip back down to test — and hold — daily support at the $1,307 area.
With gold trading at $1,318 right now, that means we need to see a $20 rally today, and one that will stick by the close of trading.
I’m watching it very closely. And if we need to make a strategy change, rest assured, you will be the first to know.
Yesterday, you should have been stopped out of the long position in DUST when it hit my recommended protective sell stop at $36.33. We gave back some gains. But even with slippage, you should have been able to get out with a modest gain.
Hold your shares in the ProShares UltraShort Gold and silver ETFs, GLL and ZSL, with your protective stops in place.
I will have more for you earlier next week, including a major announcement and improvement to this service that you won’t want to miss: A way to turbocharge the profit potential and diversify the opportunities now coming up in the metals and in mining shares.
Stay tuned …
Best wishes,
Larry
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