Throughout 2011 we were reluctant to increase our exposure to the mining sector and only made one purchase which was back in February 2011. We did produce a number of articles questioning the wisdom of investing in mining stocks as we were of the opinion that they were not performing despite the constant mantra that supports this tiny sector.
However, not to be too pessimistic about the mining stocks, the poor performance of 2011 came after an excellent performance in 2010 as the charts show.
2012 looks like like being a year of when volatility meets steroids so we will need to be vigilant to say the least.
We did have a certain amount of success in the options trading sector and our intention is to develop this element of our activities and hopefully make use of the opportunities that a volatile market sector presents.
We will shortly publish a report covering 2011 so that you can see just how we performed, the good, the bad and the ugly.
Enjoy the break and come back prepared for anything and everything.
What follows is a short video clip regarding gold and its prospects for next year, which we hope that you enjoy.
Gold is on course for a rise of about 10 percent for 2011 -- its tenth straight annual gain. But it is down almost 20 percent from a record $1,920.30 US per ounce in September and is on track for its first quarterly loss in more than three years. Wayne Atwell, Analyst at Rodman & Renshaw, tells BNN gold has more upside and could rise as high as $2,400 an ounce in 2012.
Regarding www.skoptionstrading.com. Our portfolio has now generated a profit of 374.43% since inception and we hope to keep it going that way in 2012.
Please be aware that discussions are taking place regarding an increase in the price for this service for new members, so if you are thinking about joining us, then do it sooner rather later in order to avoid this additional expense.
Our model portfolio is up 384.33% since inception
An annualized return of 94.73%
Average return per trade of 36.42%
93 completed trades, 86 closed at a profit
A success rate of 92.47%
Average trade open for 49.25 days
So, the question is: Are you going to make the decision to join us today?
Also many thanks to those of you who have already joined us and for the very kind words that you sent us regarding the service so far, we hope that we can continue to put a smile on your faces.
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