We got exactly what we wanted on Friday as I called in the ETF Leveraged Trading Service I run over at Seeking Alpha that I lean long gold and gave the price I thought one should be a buyer long. As it turned out JNUG and NUGT got many of us good profit on Friday. We also played UVXY long for good profit and I think we are at a scary point for those long stocks in general with the weakness we are seeing, especially in AAPL. I have a new saying that replaces “as GM goes, so goes the market. It’s as AAPL goes, so goes the market.
Looks like the rest of my post got cut off from Sunday. Sorry about that.
Doug Eberhardt is a 28 year financial services veteran and precious metals broker selling gold and silver at 1% over wholesale cost. Doug has written a book to help investors understand how gold and silver fit into a diversified portfolio, how to buy gold and silver, and what metals to buy. The book; “Buy Gold and Silver Safely” is available by clicking here Contact phone number for Buy Gold and Silver Safely is 888-604-6534
Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with capital you can’t afford to lose. This is neither a solicitation nor an offer to Purchase/Sell futures or options. No representation is being made that any account will or is likely to achieve gains or losses similar to those discussed in this outlook. The past track record of any trading system or methodology is not necessarily indicative of future results.
All trades, patterns, charts, systems, etc. discussed in this outlook and the product materials are for illustrative purposes only and not to be construed as specific advisory recommendations. All ideas and material presented are entirely those of the author.