Trade Alert
Bought 15% JNUG at $15.29. We had to sidestep a free fall this morning, but now that prices have stabilized, we are going to re-enter this trade. Stop: $14.65 Target: $21.00
Trade Alert
Sold balance of USLV @ $11.11. No remaining positions. Will discuss trades in this weekend’s newsletter.
Trade Alert
As we feared, the volatility immediately after the Fed announcement caused JNUG to spike just low enough to trigger our stop, while at the same time, on a daily chart, the bullish case for gold remains intact. This is an incredibly frustrating outcome for us regarding this trade, but the most important part of our job remains risk management. At the end of the day, we managed our risk, and still walked away with a … read more Trade Alert
Trade Update
There is a Federal Reserve statement at 2:00 EST today regarding interest rates. While no change is expected, these reports often come with volatility in the short-term. If any of our stops are triggered, we may look for a re-entry at some point again today or soon after, depending on the market conditions, of course. We just want you to be aware. Thanks.
Trade Alert
This trade is only for new subscribers that don’t currently have any position on in JNUG or USLV. Everyone else should already have a sizable position on from much lower prices. IF you are new, and don’t have a position already, Silver is sitting on the 20-day MA here and seems to have found some support for now. Buy 10% USLV @ $11.78 Target @ $14.90 Stop @ $10.45
Trade Update
TMF trade. As always, we have to do a bit of guesswork on where to place the stops on these leveraged etfs. With this trade we really want the stop to be on a break of the recent low in TLT (TMF is a leveraged etf of TLT). If possible this morning you should keep an eye on TLT. If it breaks below 122.65, that is where you should then sell the TMF position. It’s … read more Trade Update
Trade Alert
Bought 20% size of TMF @ $20.64 Target @ $22.95 Stop @ $19.90 TLT is the underlying that we chart, but the trade is in TMF (a 3x etf).
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