On Monday, I told my subscribers to bag some quick gains on a gold and silver miner. Those who acted on my recommendation were able to grab up to 21.5% in less than a month’s time.
Not too bad for a few moments’ work, for them. But I see plenty more upside ahead, both for bullion as well as for the company itself, so I recommended that they keep some skin in the game and keep half of their shares in play.
What a game it is … and continues to be. And I love every moment of it!
Members of my trading service also had the chance to secure up to 17.87% and 10.64% returns on the same day. Not bad for a day that the market was down!
I’m glad they made the move to preserve some capital when they did. That’s because, sure enough, the markets went up Tuesday, with the Dow hitting yet another new intraday high of 14,684.49.
Yet, metals took it on the chin, with silver giving up 2.5% — touching an eight-month low — and gold giving up 1.5% on the day.
Sure, things weren’t pretty for precious metals yesterday, but I’m not worried. In fact, I’m looking at how to cash in on even-bigger profits next time around!
Registration ends at 11:59 p.m. TONIGHT!
Premier Gold Forecast for 2013
Join us TOMORROW — Thursday, April 4 at noon Eastern for a candid, personal conversation between in-house resource expert Sean Brodrick and legendary resource investment manager Rick Rule.
You’ll get their take on …
* Where gold prices are going *
* The future of the dollar *
* Bullion and the precious metals mining sector *
* The best way to grab big profits no matter where bullion prices go *
This will NOT be the typical gold forecast you hear from the mainstream media. Click here to reserve your spot at this FREE event today!
With gold and silver heading lower, as the old saying goes, in a crisis you can find an opportunity.
Take a close look at the Market Vectors Gold Miners ETF (GDX), a basket of leading gold miners, to find that crisis …
Looking at the chart of the GDX, you can see that it broke below price support and has been unable to get back above that level.
This is a critical breakdown.
If we were really bearish, we’d set our sights on the low from 2008.
However, I’ll point out two mitigating factors.
- First, the bullish trading volume is bigger than the bearish volume recently. That’s not what I would expect to see with a real breakdown.
- Second, GDX is oversold. That makes it harder — but not impossible — for GDX to take a big plunge.
If we DO get a big plunge, we’ll want to use that as a shopping opportunity. Heck, it could be the buying opportunity of the decade.
And if we find a bottom even without going all the way down to revisit the 2008 lows, we’ll want to buy that, too.
What Would We Want to Buy?
Find out tomorrow — Thursday, April 4 at noon Eastern.
That’s when I’m hosting an intimate teleconference with one of the premier precious metals investment managers of our time, Rick Rule.
And as an Uncommon Wisdom Daily subscriber, you can join us for free. You won’t want to miss out on this intimate chat on the future of gold and other precious metals prices that includes …
Rick’s Outlook on Gold Prices: It’s clear gold’s in a long-term bull market but prices have recently pulled back. So, where are we in the current bull market and where are prices headed over the next few months?
Reckless Money Printing: Will the dollar crash and burn over the next few months … and how will a re-emerging European crisis affect gold prices?
How will the price of gold impact the gold miners? And where are the best opportunities right now in this explosive sector?
Plus, I will ask Rick to reveal the top five gold companies he’s buying right now!
The ONLY way to attend this private Uncommon Wisdom teleconference is to click on the link below to sign up. All the details will be sent to you immediately via e-mail.
Don’t miss your rare chance to hear from one of the influential precious metals investors of our time!
All the best,