Trade Your Way To Riches
Gold's at another all-time high today. What else is new! It's the same old, same old as it just keeps slowly moving forth. Both investors and business networks are starting to pump the rally some, but still it's far from mainstream
Not too many friends of mine outside the investment community own any gold or gold stocks, and they really never ask about them. Sometimes they say what should I buy, I always say start with gold and silver, but they never do.
At the barbers last week, not a peep about gold. In the cab on the weekend, nothing. The neighbour admiring the new stonework, nada.
I've asked before and I'm asking again. How many people do you know who've held, let alone owned a gold or silver coin?
I bet you will say zero, or certainly you'll be able to count the number on one hand.
As subscribers know, my personal way of playing this market at this time is holding a very large, percentage wise, physical Gold and Silver position and trading a percentage of the remainder of my wealth.
I've been trading this breakout in Gold and Silver and doing well. But there are better plays to trade.
Trading certain leading stocks with great chart patterns can be much more beneficial and that's also what I've been doing.
Once these leaders/huge movers are Gold and SIlver issues, then I'll be trading them much more heavily. But for now they are all but off the radar. There's just no interest, let alone a strong belief that Gold and Silver can continue to perform as they have in the past decade.
That's all great news and just means we have years to go. When the parabolic move does begin, it will likely last for a year. The money, ah the money, will be spectacular.
Over the next few days I'll be introducing you to a gentleman who can identify these huge moving stocks before, or as they are beginning their moves. I've been following this guy for a while now and he's truly a gifted individual.
In fact this gentleman traded his $10,775 all the way up to $18 million in 18 months. It's hard to believe, I know.
He did this during the Tech boom of the late 90's. I believe the Gold boom cycle will be longer and even more powerful, meaning it will be possible to make even more money.
I've never introduced anyone to you before, and wouldn't if I didn't have complete confidence.
Now let's take a look at the Gold and Silver action today.
Gold blew through the mentally significant $1,300 level on very, very strong volume. This gives the move a very high likelihood of success.
There have been several announced currency devaluations, and more seem to be coming to light every day now. Investors are rightly scared, and moving into Gold, but so far only the savviest of investors get it.
There is only one way to play Gold right now, and that is as a bull.
Silver also squeaked into 30-year high ground on very strong volume. The channel is very tight and fairly steep. It does make me nervous but my physical as well as trading position is doing quite well, so for now I'm just enjoying the ride.
One quick note on this mornings quick move lower. I have to admit I did get shaken out of one of my positions, but it had doubled once, then I took off half, then this morning it was near a triple when I sold the other half, so I can't really complain.
The end of the month and quarter are coming Thursday so in order to raise cash levels, and realize recent gains, funds would have had to sell today. They did that en masse first thing this morning and crashed the markets which have now come back quite strongly and as of this writing are positive. The S&P looks like it will continue higher for now.
Enjoy the week.
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