As a potentially profitable opportunity presents itself, John will send you an alert with specific trade information as to what should be bought, when to buy it, and at what price.
Trade Alert – (GLD)
Buy the SPDR Gold Trust Shares ETF (GLD) June $160 Puts at $4.25 or best
expiration date: 6-15-2012
Portfolio weighting: 5%
($5,000/100/$4.25) = 12 Contracts
Buy the DB Gold Short ETN (DGZ) 1X short gold
Buy the DB Double Short Gold ETN (DZZ) 2X short gold
Sell short the SPDR Gold Trust Shares ETF (GLD) on Margin outright
or pull out the gold inlays in your teeth, sell them, and replace them with silver amalgam. Any pawn shop will tell you that people do this.
If QE3 is truly off the table and we are back into “RISK OFF” mode, there is no way gold can hold up here while everything else is collapsing. We are already in a clear downtrend on the charts, so we might be able to take some quick change here.