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« Decline In US Real Rates To Send Gold Past $1800 | Main | Gold is Not Money »

Gold hits $1600/oz in early UK Trading

gold chart kitco 18 july 2011.JPG

Looks like a nice start to the week with gold prices hitting $1600.10/oz on the London Stock Exchange early this morning, UK time. Silver also joined in the fun and was trading at $40.09/oz as we write. We'll let the picture tell the story, have a good un.

Regarding We currently have a number of trades on the drawing board, two of which have been placed and are now showing a profit.

For those subscribers who are too busy to trade their own accounts we are now able to offer an Autotrading program with our SK OptionTrader service, as we are pleased to announce that we have entered into a partnership with Global AutoTrading and therefore auto trading is now available for SK OptionTrader signals.

Our model portfolio is up 338.11% since inception

An annualized return of 117.00%

Average return per trade of 40.41%

81 closed trades, 78 closed at a profit

Average trade open for 46.27days

sk chart 22 May 2011.JPG

The above progress chart shows our performance when profits are re-invested, however, to see exactly how it is going, please click this link.

So, the question is: Are you going to make the decision to join us today.

Stay on your toes and have a good one.

Got a comment then please add it to this article, all opinions are welcome and very much appreciated by both our readership and the team here.

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SK logo 26 May 2011.JPG

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Reader Comments (3)

yes it did. That's why I am not saying anything. But we could be 20 or 25 bucks from the top. And after that it is not going to be fun anymore.

July 18, 2011 | Unregistered CommenterDi

Hi Di,

Drop in again when its $1800/oz and see just how much fun it is!

July 18, 2011 | Unregistered CommenterGold Prices


Do everybody a favour - turn the gold chart upside down and imagine that it is an equity. Would you buy it?

Gold has been in a bull market for over a decade. Any setback has been part of the normal ebb and flow of the markets and has given savvy investors/traders a chance to reload.

If you actually have any substantive reasons behind your monotonous carpings it might be useful to produce them. Otherwise we are getting into Canute territory - deep underwater.......

July 19, 2011 | Unregistered Commentergordon bennett

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