Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

 

Search Gold Prices
Gold Price
[Most Recent Quotes from www.kitco.com]
Our RSS Feed

Gold Updates by Mail

Enter your email address:

Follow Us on Twitter
Thursday
Aug252011

Tensions mount as we wait for Ben Bernanke to speak

usd vs gold 26 aug 2011.JPG



We kick off we with a short video starring Peter Schiff and a panel of experts who share their views on just what might be included in tonight's speech by the Chairman of the Federal Reserve Board, please click here.


Now across to Reuters for a quick update on the state of play:

U.S. stocks fell on Thursday as investors raised cash ahead of a critical speech from Fed Chairman Ben Bernanke, hoping he will give them a clearer picture of the Fed's plans for the struggling economy.

Several negatives contributed to the market's weakness after three days of gains. Jitters over a sharp drop in German stocks and a report showing continued U.S. job market weakness helped fuel the selling.

Stocks rose earlier this week, partly on expectation the soft U.S. economy could trigger another round of monetary stimulus from the Federal Reserve, much like the one suggested by Bernanke at the same conference in Jackson Hole, Wyoming, a year ago.

"There is an assumption there is not going to be an announcement on monetary policy, but the market set up this week like that was the case," said Art Hogan, managing director of Lazard Capital Markets in New York.

"There seems to be a bit of a dichotomy from what people are saying to what they are doing."

Bernanke, who is scheduled to speak on Friday at 10 a.m. New York time (1400 GMT), is most likely to outline gradualist measures, which would disappoint those looking for dramatic action, such as a fresh round of asset purchases.

Stocks opened higher after Bank of America (BAC.N) said Warren Buffett's Berkshire Hathaway (BRKa.N)(BRKb.N) would be taking a $5 billion stake in the bank, whose shares had fallen to two-year lows earlier this week.

"We had some upbeat emotion at the open with Warren Buffett's investment in Bank of America but that fizzled very quickly when we looked across the pond and saw what was going on with German markets," said Hogan.

The S&P 500 is still up 3.2 percent so far this week, which could be the first positive one for the benchmark index in the
past five. The Dow Jones industrial average .DJI dropped 170.89 points, or 1.51 percent, to 11,149.82. The Standard & Poor's 500 Index .SPX fell 18.33 points, or 1.56 percent, to 1,159.27. The Nasdaq Composite Index .IXIC lost 48.06 points, or 1.95 percent, to 2,419.63.

Volume has decreased from the frenzied first three weeks of August. Major averages have stabilized, with 1,120 on the S&P 500 now viewed as a key support level, but it remains to be seen whether stocks can gather enough steam for an extended rally.

"I think a lot of what's been happening in the market is positioning or repositioning for different events," said Doreen Mogavero, CEO of Mogavero, Lee & Co in New York. "I'm not sure how much of it is real investing."

Bank of America gained 9.4 percent to $7.65 in trading of more than 855 million shares, or almost 10 percent of total composite volume on the day.

Prepare for another bumpy ride when Ben Bernanke speaks as his words will be analyzed to pieces with every possible scenario being proffered from all corners of the universe.

Regarding www.skoptionstrading.com, we currently have six open trades all of which are showing a good 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 GlobalAutoTrading and also with eOption therefore auto trading is now available for SK OptionTrader signals


Our model portfolio is up 396.58% since inception

An annualized return of 119.04%%

Average return per trade of 42.21%

85 closed trades, 82 closed at a profit

Average trade open for 45.41 days


sk chart return on SK OptionTrader Model Port 22 aug 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.



To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address. (Winners of the GoldDrivers Stock Picking Competition 2007)

For those readers who are also interested in the silver bull market that is currently unfolding, you may want to subscribe to our Free Silver Prices Newsletter.

For those readers who are also interested in the nuclear power sector you may want to subscribe to our Free Uranium Stocks Newsletter, just click here.








Wednesday
Aug242011

Margin requirements to trade gold have been increased

We kick off with a quick look at Myra Saefong's article on Market Watch which summarizes this announcement by the CME Group Incorporated and then we have a missive that we received today from Jim Sinclair.



For the second time this month, the CME Group Inc., the parent company of the main metals and energy exchanges in the U.S., announced late Wednesday an increase in margin requirements to trade gold. It raised the amount of money needed to trade gold contracts by 27% to $9,450 per 100-ounce contract.

The move comes on the heels of a $104-an-ounce drop in gold futures prices, which some analysts had blamed partly on speculation that the CME would raise margin requirement again.

Gold’s approach to $2,000 an ounce “invited excess speculation and therefore margin concerns for exchanges,” said Richard Hastings, a macro strategist at Global Hunter Securities. “The quasi-exponential price behavior was dangerous and the exchanges today view this with significant concern — and act quickly.”

Brien Lundin, editor of Gold Newsletter, said “raising margin requirements after a major decline doesn’t affect the speculative bulls as much as the bears.”

“We may see this move help foster a rebound by forcing shorts to cover,” he said.

In electronic trading on Globex, December gold GC1Z was trading $3.70 higher, after closing at $1,757.30 on the Comex division of the New York Mercantile Exchange.

-Myra Saefong

...........................


My Dear Extended Family:
 
What is at the heart of the violent markets? The answer is Skier Illustration number 3.
 
Will Bernanke do something in the coming week? It does not matter in reality as business conditions are headed to a double dip in which the double could be wild on the downside. The Fed will act because of the balance sheet condition of the US and Western world financial industry devoid of false OTC derivative values.
 
Liquidity will be provided and Skier Illustration number 3 will take place, taking the US dollar lower and Gold to higher highs either now or very soon. As far as margin rates are concerned, they will rise to cash on both gold and silver before either sees full valuation.
 
 
You have heard from me on this gold reaction. Now hear from the extremely accurate Alf fields:
 
"The good news is that once the anticipated correction has been completed, gold should commence intermediate Wave 3 of Major 3. This should be the longest and strongest up-wave of the entire Bull Market. Expect high volatility and very high prices during that up-wave."
 
Now let's here from Kenny Adams, Master Technician, on long term trends:
 
"So far we have the potential for a topping action that may generate a moderate to deep correction - but not a long extended correction - not a termination of a bull trend."
 
Now lets hear from Dean of Gold, Harry Schultz:
 
"Don't bother me now. Call me when gold trades at $2400."
 
So stop worrying. At the worst this is a fast, deep correction before much, much higher prices for Gold.
 
Respectfully,
Jim

Despite today's correction we are holding fast and intend to ride this one out. The focus of attention is now firmly on the words, actions, inuendo and the spin that goes with of the Federal Reserve Chairman, Ben Bernanke.

Its also expiry day for silver traders tomorrow so we expect prices to stay suppressed, however, this is a dip and maybe it should be bought. Too tight for us to call.


Regarding www.skoptionstrading.com.

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 GlobalAutoTrading and therefore auto trading is now available for SK OptionTrader signals


Our model portfolio is up 396.58% since inception

An annualized return of 119.04%%

Average return per trade of 42.21%

85 closed trades, 82 closed at a profit

Average trade open for 45.41 days


sk chart return on SK OptionTrader Model Port 22 aug 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.



To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address. (Winners of the GoldDrivers Stock Picking Competition 2007)

For those readers who are also interested in the silver bull market that is currently unfolding, you may want to subscribe to our Free Silver Prices Newsletter.

For those readers who are also interested in the nuclear power sector you may want to subscribe to our Free Uranium Stocks Newsletter, just click here.








Wednesday
Aug242011

85th Trade Takes SK OptionTrader’s Model Portfolio to Gains of 396.58%

On the 28th of June we signalled to our subscribers to “...sell the GLD August 2011 $140/$139 Vertical Put Spread for $0.20 with 10% of our capital allocated to this trade. This trade involves selling the $140 puts and buying the $139 puts, resulting in a net credit of $0.20.”

Then on the 20th of August we told our subscribers that “Our short GLD Aug 20 '11 $140/$139 Vertical Put Spread position has now been closed. As expected, the puts have now expired worthless and so we have banked a 20% profit on this trade. This profit level was achieved some weeks ago, however letting the position expire rather than closing it saves unnecessary commission costs”. Not only did we close yet another profitable trade, but we saved our subscribers the commission costs of closing the trade with their broker. Our 85th trade brought our model portfolio up to record gains of 396.58%! That is an annualized return of 119.04%!

Even with a simple trade such as this, $1000.00 invested would have generated profits of $200.00, paying for your subscription fee in this trade alone! This is not to mention the profits that could have been generated if one had invested in our other trading signals. In fact if one had invested a $10,000 portfolio in accordance with SK OptionTrader signals, that portfolio would now be worth $49,657.88. For more information on our past performance, feel free to check out our trading record.

Once again SK OptionTrader has continued to outperform other vehicles for trading gold, even during times when gold has gone sideways our model portfolio has increased to a massive 396.58% gains.

Currently the SK OptionTrader model portfolio is up 396.58%, which means a $10,000.00 portfolio invested in accordance with SK OptionTrader signals would now be worth $49,657.88. On average position gains 42.21% in 45.41 days, which provides an annualized return of 119.04%.

We currently have trades open which are showing gains of over 260%, and we see these positions as well as others in our portfolio gaining further! We also recently closed a trade with gains of 197.14%. So now is the perfect time to open a subscription with SK OptionTrader and begin increasing the profitability of your options trading portfolio.

Subscribe for 6 months - $499

 

Subscribe for 12 months - $799

 

sk chart performance of 10k mod port 22 aug 2011.JPG

sk chart return on SK OptionTrader Model Port 22 aug 2011.JPG

Wednesday
Aug242011

Fear Mania Comes to Gold

By Jeff Clark, Casey Research

Is the mania here?

When most investors hear the word “mania” they think of a runaway market induced by greed. You know, that animal-like instinct we all occasionally feel, the one promising riches from a market on a rip-roaring tear.

Gold is up 28% since July 1, a mostly one-way rocket ride that’s transpired in just 36 trading days. It’s up 35% year-to-date, and it’s still summer. But it isn’t greed driving our runaway gold price.

Welcome to the Fear Mania.

Pick your headline – the downgrade of US debt, solvency concerns with European banks, the sudden negative outlook for the global economy, or crashing stock markets. While none of those are exactly shocking developments to most readers here, it caught much of mainstream off-guard, driving them to safe havens. Gold has responded.

Here’s some evidence that we’re in a fear mania. First, as economic fears suddenly took a turn for the worse, investors didn’t rush into stocks. They didn’t even really pursue other precious metals.

Here’s a look at how the four primary precious metals have performed as fear in the marketplace increased. Notice how the returns shifted as the gloom ratcheted up.

What Metal Performs Best in a High Fear Environment?

casey what metals 25 aug 2011.JPG

Since industrial and jewelry uses comprise roughly 93% of all demand for both platinum and palladium, a reasonably positive economic outlook is required for these metals to perform their best. We don’t have that right now, and when a strong economy will return is highly debatable.

Silver started the year with a bang – but even it lagged gold as negative economic news made bigger headlines. Industrial use alone comprises 52% of all demand for silver, so it, too, is vulnerable in a slowing economy. (The price will soar again, though, as we’ve seen the past few days, when bad economic news leaves the front page and investors once again pursue it as an alternative currency.)

There are more clues we’re in a fear mania. Many U.S. investors don’t realize this, but only 8% of bullion and jewelry demand comes from North America. A full 92% of the critical drivers of physical demand originate elsewhere. Gold in these countries (China, India, Vietnam, Indonesia, South Korea, Thailand, etc.) has been intertwined in culture, religion, and economy for 2,000 years. We can thus garner hints about the gold market from these regions, where the metal is a longstanding and ingrained part of the financial makeup.
First, are they pulling back on their purchases in light of rocketing prices? Or perhaps even selling to grab a profit? The World Gold Council reported last week that “signs of strength in the market remain concentrated in India and China… It is quite hard to see what is going to dent strength of demand at the moment.” And this from the UK: “Even at these elevated price levels, interest in physical gold remains excellent,” said Ross Norman, CEO of Sharps Pixley.

A second clue from this large group comes from scrap sales. One would think now is the optimal time to cash in your old gold jewelry, with prices reaching such unexpected highs. So scrap sales are up, right?

From the Wall Street Journal yesterday: “Scrap sales are down by 50%-60%. People are feeling that gold is the only safe place left for investments,” said Pawan Chokshi, an Ahmedabad-based bullion dealer. “There are hardly any scrap sales happening and I think that’s a phenomenon cutting across India. Even at these prices, people are feeling that it’s better to invest in gold rather than sell their old gold.”
Martin Grubb of the WGC said this to Reuters last week: “The price elasticity of recycling seems to be changing. Normally, you would see a lot of recycled gold coming back into the market at such a high gold price – but recycling was very muted in the second quarter, and so far the evidence is that there isn’t a lot of recycling coming back now, either.”

According to Grubb, these regions have adjusted to the current price environment and expect the upward price trend to continue. If fear were muted, scrap sales would be rising at these price levels, not falling dramatically.

And last, don’t forget central banks. South Korea just disclosed a big bullion purchase, buying 25 tonnes last week, more than doubling its holdings. Mexico, Russia, and Thailand have already been major buyers this year. In fact, year-to-date, governments have almosttripled their net gold purchases over 2010, increasing their holdings by 203.5 tonnes this year, up from a 76-tonne rise last year.

Central banks have “fiat fear” and are diversifying their reserves away from the dollar and other afflicted currencies. And this is not a trend that will change on a dime, as most of these countries have a tiny percentage of their reserves denominated in gold. They’ll be buying for quite some time. Remember, they were net sellers of gold for 23 years, becoming buyers just last year.

The bottom line is that gold is doing exactly what it’s supposed to do. Global fear is high, and these are the exact circumstances where gold fulfills its ultimate role.

There are direct investment implications here. First, if you believe there is further shock-and-awe type bad news ahead, you’ll want to favor gold over most other assets and even other metals. Second, prices in a mania tend to go higher and further than what most expect. I certainly wouldn’t chase it here, but I wouldn’t be without some exposure either. Last, high levels of fear also increase volatility. Expect big swings in gold going forward, and that includes corrections. The next one could be a doozy.

In the big picture, think about this: The relentless rise we’re witnessing is just the beginning. We haven’t even hit an inflation-adjusted price from 1980 yet; we’re at least 21% away from that, and that’s assuming the government measures inflation correctly. Here’s an excellent video demonstrating that we’re not yet in a bubble; it also shows just how high the price could climb.

You might not think the price will fetch the high four-digits in this Fear Mania. But don’t forget what comes next.

The Greed Mania.

[Owning physical gold is good protection from the sinking value of the US dollar; investing in the right gold miners can yield even higher returns. BIG GOLD focuses on the larger miners that have strong profit potential, and will help you build your wealth. Give it a ninety-day risk-free trial.]



Regarding www.skoptionstrading.com.

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 GlobalAutoTrading and therefore auto trading is now available for SK OptionTrader signals


Our model portfolio is up 396.58% since inception

An annualized return of 119.04%%

Average return per trade of 42.21%

85 closed trades, 82 closed at a profit

Average trade open for 45.41 days


sk chart return on SK OptionTrader Model Port 22 aug 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.



To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address. (Winners of the GoldDrivers Stock Picking Competition 2007)

For those readers who are also interested in the silver bull market that is currently unfolding, you may want to subscribe to our Free Silver Prices Newsletter.

For those readers who are also interested in the nuclear power sector you may want to subscribe to our Free Uranium Stocks Newsletter, just click here.








Tuesday
Aug232011

Exiting the Eye of the Storm - Doug Casey

Eye of the storm.JPG





[Ed. note: This is an interview of Doug Casey by Louis James, both of Casey Research.]

L: So, Doug: London has suffered more damage from recent rioting than from anything else since the Blitzkrieg; the stock market had its most volatile week in years; gold shot well north of $1,800; and the U.S. government almost crashed into its debt ceiling. Smells like blood in the streets. What does a street fighting man like you make of all this?

Doug: Well, it was about 40 years ago in 1971 [laughs] when I read Harry Browne’s first book, How to Profit from the Coming Devaluation. In that book, Harry said that if gold went as high as $200, it would be a sign runaway inflation was coming, and readers might need their survivalist retreats, etc. He was actually right about everything he said in the book, and for the right reasons, but things didn’t get as bad as quickly as Harry thought they would.

That just goes to show that if you predict any particular number or outcome, you should not say when it will happen, or if you predict a time for important events, you should not say specifically what will happen.

Anyway, I’m very uncomfortable predicting serious gloom and doom for two reasons: One, most individuals intuitively look out for themselves by producing more than they consume and saving the difference – so the amount of net wealth in the world grows. Two, technology continues to improve – Moore’s Law and all that.

L: I’ve heard you say that before, but you’re the guru, so you don’t get off so lightly. What do you feel comfortable telling us?

Doug: My sense is that we are definitely exiting the eye of the storm at this point, and we’re heading back into the raging winds of financial, political, and social turmoil. The riots you see now are just an indicator of what’s ahead – an appetizer… hardly the main course.

L: That’s a pretty bold statement, Doug. We’ve been talking about the so-called recovery really being nothing more than the eye of the financial storm that hit in 2008. But the U.S. and other governments around the world have been able to animate the corpse of the 20th-century economy and keep an appearance of life in its zombie motions longer than we thought possible. To say we’re exiting the eye of the storm implies that zombie is going to stop moving and the smell of decay will soon overpower everything else. Are you ready to make that call?

Doug: You’re asking me to do what I just said was unwise: to say both what and when. But yes, it does look grim to me. With the markets fluctuating so wildly, the Dow going up and down hundreds of points per day, that’s very likely to spook the government, investors, business managers, and consumers even more than they already are. Normally I don’t pay much attention to consumer confidence; it’s an emotional state, and emotions can change in a New-York second. But at this point the economy rests on nothing more substantial than confidence. It’s a confidence game. And confidence can blow away like a pile of feathers in a hurricane.

L: So what we’re looking at is not just a bump in the road. It’s going to change priorities and marching orders for market participants – and for those who interfere in the markets in various ways.

Doug: Yes. It’s the kind of thing that accelerates a negative spiral, in good part because everybody wants the government to “do something,” in the idiotic belief that it can improve things by doing more. Actually it can only help by doing less.

L: So… the economy slows more. Why can’t the government reanimate the corpse one more time, turning up the juice on the stimulus heart-shock paddles?

Doug: They’ve already created trillions more currency units. Most of these are currently sitting in banks rather than circulating. That’s partly because people are afraid to borrow and banks are afraid to lend, but also because the Fed is paying banks interest to keep what are considered to be excess reserves locked up. So these trillions of dollars that were created to bail the banks out are sitting there, but they’re not going to sit there forever. Once those dollars start circulating in the economy, prices will rise rapidly.

The other way for prices to really explode would be for the foreigners holding some six or seven trillion hot-potato dollars to start dumping them. With the U.S. government clearly unable to deal with its debt and the consequent credit rating downgrade – which was both inadequate and long overdue – those foreigners are getting pretty nervous holding dollars. Almost any sort of financial calamity could spook some central bank into exiting its dollar position wholesale. And once one of them starts, the race will be on, because no one is going to want to be left holding the bag.

These are two time bombs that are ticking away right now – the trillions of dollars outside the U.S. that could come pouring back in, and the trillions of dollars inside the U.S. that were created to paper over the leading edge of the storm. Either of those things could bring on the end of the dollar as we knew it, and both may well happen at once.

L: Okay … But the state has been very good at convincing people to pay no attention to the man behind the curtain. If the markets settle down, why can’t people go back to imagining that everything’s fine?

Doug: I’m not sure that many people really ever believed there was a recovery under way. Wall Street acted like there was – but only somewhat, since banks never started lending again. But unemployment has remained high; it’d actually be about twice the official 9% level, if it was calculated the same way it was 30 years ago. And outside of the price collapse of certain asset classes – like real estate – the cost of living has increased greatly for most people; the calculation of the government’s CPI is as corrupt as its unemployment numbers. I think it’s a mistake to talk about a double dip in the economy; we entered the Greater depression in 2007 and are still in it. A “jobless recovery” is not a recovery. The only thing that’s recovered is the stock market, to some degree. Aside from government hocus-pocus, the mirage of corporate earnings, and foolish investors wanting to believe it was safe to get back in the water, things have not gotten better. And they are about to get much worse.

L: That may be so, but the government, the press, and corporate America have all been talking about a recovery. With the Fed promising easy money, if the markets calm down, couldn’t the illusion of recovery be reestablished?

Doug: I don’t think so. The economy isn’t going to stay in the eye of the storm for much longer. The stab of panic we saw last week gave lie to the emperor’s new recovery clothes. It’s not just the losses on the stock market, but gold hitting significant new all-time highs in nominal terms, and Bernanke saying that the Fed would hold interest rates close to zero for another two years. That’s huge – and a huge mistake. It tells me that Bernanke has truly panicked. The impact this will have on the dollar cannot be overstated; it’s a guaranteed disaster. It assures that people will do all sorts of things they would not do without that artificially easy money.

L: Okay, but if they go into debt to buy houses and cars, they’ll create jobs and there will be more appearance of recovery, won’t there?
Doug: That’d just be digging the hole deeper at this point. What needs to be done is to let the market raise interest rates, to encourage savings – the accumulation of the capital needed to start moving forward on a solid basis. Instead of encouraging people to work, spend less than they make, and save the difference, these low interest rates encourage profligacy. They encourage people to liquidate savings and live above their means. As usual, the government isn’t just doing the wrong thing, it’s doing the exact opposite of the right thing.
L: Because...

Doug: Because of the false belief that printing money stimulates the economy. The artificially depressed interest rates of today will result in very high inflation and very high interest rates in the near future. A healthy economy gets naturally low interest rates as a result of a lot of savings, a lot of capital creation. A healthy economy has stable interest rates that relate to the amount of new wealth being created, typically just above the natural rate of inflation that results from real money – gold – being mined out of the ground. Artificially low interest rates stimulate malinvestment.

The Fed is also keeping rates low because of the government’s massive debt problem. The U.S. is already running trillion-dollar deficits – if interest rates go up, say, to 12% like back in the ‘70s, that would add another trillion to the deficit right there. Financing a $16 trillion debt at 12%, rather than 2%, equals another $1.6 trillion of spending – just for interest.

This really means they have no choice. The situation is completely out of control – the U.S. financial house of cards is irredeemable at this point, even with interest rates at close to zero. The whole financial structure is close to collapse, and that’s why I think we’re exiting the eye of the storm.

L: The Titanic has been struck, but Captain Obama just doesn’t yet realize how badly?
Doug: Exactly. And – adding insult to injury – not only are they doing the opposite of the right thing, they are actively punishing people who did the right things, who worked hard and saved. Pensioners living on fixed incomes are being forced to reach for higher and higher yields, which means they are being forced to put their nest eggs into riskier and riskier investments. This guarantees that the pensioners and the savers will be wiped out.

L: Unless they put their savings into gold.

Doug: Sure, but nobody but crazy goldbugs even thinks about that. And it gets worse: The current course guarantees the total destruction of the U.S. dollar. Again, I cannot emphasize enough how serious this is. People all around the world save in dollars. If the dollar is destroyed, it won’t just be Americans who’re hurt, it will be all the hard-working people around the world who’ve struggled to scrimp and save and put money away for future needs. All these people who were wise and frugal, they are going to be wiped out. They are going to be left with absolutely nothing. This is criminal – it’s the stuff revolutions are made of. And that’s exactly what I expect we’ll see plenty of, all around the globe.

L: Seems so clear – what could they possibly be thinking?

Doug: Perhaps Bernanke’s making the same mistake people with maxed-out credit cards make, when they think hyperinflation will wipe out their debts. They forget how nasty, brutish, and short life can be in a society in a hyperinflationary collapse. And think about it: What happens if you wipe out these debts? Who are the debtors? They are the most profligate people in society. So these artificially low interest rates reward the most irresponsible and punish the most responsible people in society.

L: Absolutely perverse.

Doug: [Chuckles] Took the words right out of my mouth.

L: Easy enough to do in this case.

Doug: Well, there’s your answer. What’s going on now really is creating the foundation for revolution, and not just in the U.S. The riots in London and Chile, and other outbreaks of chaos around the world aren’t anomalies – they’re a warmup. An overture before the symphony starts. Things will be especially bad in British and European cities, where there are millions of people who’ve never worked. Ever. They’ve just lived off the state.

L: Maybe we’ll hear the music on November fifth.

Doug: “Remember, remember, the fifth of November…” That would be interesting indeed. Readers should rewatch V for Vendetta to put them in a proper frame of mind on how serious things are. I mean… it is going to be a time when Street Fighting Man will be a most appropriate theme song. Turn up your speakers.

L: I agree with you, Doug, but I have to say it makes me a bit nervous to come out and say we’re exiting the eye of the storm. The powers that be have proven far more adept at keeping the balls they are juggling in the air than I ever thought they could be. Every time I think it can’t get worse without things coming apart, it does get worse, and somehow things don’t come apart, they keep going.
Doug: Of course. As I started out saying, Harry Browne’s prediction 40 years ago was essentially the same that I’m making today. Harry was a bit early – and I was too, in 1980. But this time really is different, with so many unprecedented actions and reactions between the market and the state. I truly see no way out for the state this time, and it’s going to be much, much worse than it would have been had it collapsed back then. I can’t say for sure exactly when things will fall apart, but I’m more convinced than ever that they will, and that we are about to plunge deeper into the Greater Depression.

L: What if you’re wrong?

Doug: I honestly hope I am, because if I’m right, the global economic devastation is going to have a very real and significant death toll. The price in human suffering these fools in government are setting us up for is truly monstrous. As a human being, of course I’d rather see good times.

L: But as a speculator…

Doug: Yes, as a speculator, I know the crisis will create phenomenal opportunities. If we lived in a stable society, with a stable monetary order and a non-predatory government, it’d be impossible to be a reliably successful speculator, because there’d be few or no politically induced distortions in the economy to take advantage of. So, always looking on the bright side, we can look forward to many new bubbles to result from the state’s massive interventions today and in the future.

L: Such as?

Doug: There will be a huge bubble in gold ignited, and maybe soon. That seems pretty much baked in the cake at this point.
L: That’s interesting. A lot of people say gold is already in a bubble – that the recent surge up to $1,800 per ounce is a sure sign of that. But you’re saying it hasn’t even started yet?

Doug: Well, I hate encouraging people to buy gold at $1800 an ounce, because that level is already more than 700% above the bottom in 2001, and I’m a bottom fisher. I like bargains, and I can’t call gold a bargain today. But it’s plain as day that gold is going to go higher. There’s simply no other place for people to try to safeguard their wealth as the dollar, euro, and other currencies plummet toward their intrinsic values. What else could people buy as they get more and more afraid of paper currencies losing acceptance? What are corporations going to do with the billions of dollars in their treasuries when their management gets frightened? Where else can they go when they need to get rid of dollars, euro, yen, and yuan? Central banks, too – what will they do when they need to dump dollars in favor of something that will hold value?

This is why I see a bubble in gold still ahead. It has nothing to do with the supply and demand for gold in the jewelry trade, or whatever – it’s going to be a result of there being no viable alternatives when the paper-money con game is over. Gold is the ultimate cash, and that’s where people will go when there’s a global, total, panic to cash.

L: Agreed. Other investment implications?

Doug: Gold mining stocks. Most good ones aren’t bargains, even though they’ve been lagging gold in recent trading, maybe because of the fear in the marketplace. But they’re going higher.

L: Of the two major forces that drive markets, greed and fear, which do you think will predominate going forward? Because there are different buying patterns, depending on whether it’s greed or fear in the driver’s seat…

Doug: You’re quite right. I think it will be a market driven primarily by fear for some time, and that will favor profitable producers, emerging, high-margin production stories, and maybe the best of the best explorers advancing projects with obvious merit towards production. Nobody buys the risky junior exploration plays when fear is driving the market.

L: Except a bottom fisher.

Doug: Except a bottom fisher, yes. There will be some fantastic opportunities in earlier-stage exploration companies that will get smashed because of fear. But speculators looking for those have to be patient. Many junior explorers will dry up and blow away during the fear-induced drought. Eventually, the best will come roaring back when the bubble inflates and the real mania phase of this bull market kicks in. Then, everything with “gold” in its name will trade at ridiculous premiums, even the crappiest juniors whose only gold is in their name.

L: How long before greed kicks back in?

Doug: There you go asking for a time as well as a prediction again. I don’t know, but it could be a while: A lot of greed has been washed out of the system with the big panic of 2008, the real estate collapse, and the stock market really going nowhere for the last ten years. Plus, when the bond market collapses, as I think it will, that will be the final blow. That’s really The Big One on the horizon these days – the bond market is three times the size of the stock market, so a major reversal there will cause enormous damage.

L: So, stay away from the junior explorers?

Doug: Just the crappy ones – and as you well know, 95% of explorers have nothing and never will have anything. But there are some which actually have gold or silver in the ground – or clear drill indications that they are close to being able to report having such assets – the kind you specialize in finding for the International Speculator. Those stocks are going to benefit from the flood of money hitting the precious metals sector. Remember, the whole gold market is trivial in size. It’s only a tiny fraction of the oil patch, and not even a rounding error compared to the global market. When the average investor wakes up to the need to own gold for safety and the potential profit from owning gold stocks for leverage to gold, it’s going to be like trying to fit the contents of the Hoover Dam through a garden hose. Prices will go ballistic, and there will be plenty of money hitting even the smaller juniors that have good stories.

L: Good reminder about safety.

Doug: And that’s another factor that will be driving the price of gold: It won’t just be speculation, it will be prudence – the flip side of fear. Prudence will drive people into buying more physical gold. Greed will drive people into gold stocks. I own a lot of physical gold already, but I’m still buying, even at these levels. And I own a lot of gold stocks, but I’m still accumulating those too, when we dig up good opportunities.

I look forward to seeing the pictures I know you’ll take on your next rock-kicking expedition, trying to dig up one of those good opportunities. ‘Til next time.

L: All right then – ‘til next time.

[The dollar crisis Doug alludes to isn’t some far-fetched, distant possibility: It’s very real, and it’s in progress now. Join Casey Research in a free online event – September 14 at 2 p.m. Eastern time – to learn more about the American debt crisis and how to protect yourself from the coming storm.]


Regarding www.skoptionstrading.com.

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 GlobalAutoTrading and therefore auto trading is now available for SK OptionTrader signals


Our model portfolio is up 396.58% since inception

An annualized return of 119.04%%

Average return per trade of 42.21%

85 closed trades, 82 closed at a profit

Average trade open for 45.41 days


sk chart return on SK OptionTrader Model Port 22 aug 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.



To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address. (Winners of the GoldDrivers Stock Picking Competition 2007)

For those readers who are also interested in the silver bull market that is currently unfolding, you may want to subscribe to our Free Silver Prices Newsletter.

For those readers who are also interested in the nuclear power sector you may want to subscribe to our Free Uranium Stocks Newsletter, just click here.










Monday
Aug222011

425% Gain in 8 Weeks for SK OptionTrader Subscribers

425pct gain skot

A trade recommended to SK OptionTrader subscribers on July 1st 2011 is now showing a gain of 425% after just 8 weeks.

Are we taking our profits and closing the trade, since we have increased our capital five times over? No.

Why not?

Because we think the trade could double again from here!


On June 14th we wrote to SK OptionTrader subscribers saying that we were looking at placing this trade since “the risk reward dynamics in these trades could be about to become too good to pass up”. We said that we were waiting for prices to drift lower before we placed the trade.

On June 27th we informed subscribers that the the risk-reward dynamics were becoming attractive to us and we stated that we thought it was possible to at least quintuple the capital invested in the trade.

Then on July 1st we signalled to enter the trade. Our patience paid off since the cost of entering this options trade was now 43% lower than it was just two weeks before on June 14th when we first stated our intention to place the trade.

Given our comments that we thought it was possible to make 5 times one’s money in this trade and our track record in options trading, many subscribers followed us in to this trade.

Those subscribers who bought at a price similar to ours our now sitting on a gain of more than 425%.

The best part of this trade is that we think there is a lot more to come.

As we told our subscribers, “we aren’t about to flip these calls for a 14% gain, this trade is one that is looking for a home run, a return of multiple times the capital invested”.

Since this trade is still open we cannot reveal its details, as it would be unfair to our current subscribers.

However if you would like to find out what the trade is you can subscribe for just $199.00

Just think if you had subscribed this time last month and placed $1000.00 in this trade, you could be sitting on a gain of 425%.

Your $1000 investment would now be worth $5250.00

That’s a profit of $4250.00 in two weeks, which pays for a subscription more than twenty times over!

If you think we are worth a try and you would like to find out what this trade is along with other trades in the future then you can subscribe below.

In the interest of full disclosure, we do have other trades open at present and all of our open trades are showing significant gains.

Our subscribers get straightforward buy and sell signals as well as market commentary, which make options easier to understand and ensure trades are simple to execute.

So click the subscribe button to sign up and see our trading recommendations that could have increased your capital five fold in just eight weeks, and paid for a six month subscription fee twenty times over in just two months.


Other key stats on the performance of SK OptionTrader are as follows:

Our model portfolio is up 396.58% since inception

An annualized return of 119.04%%

Average return per trade of 42.21%

85 closed trades, 82 closed at a profit

Average trade open for 45.41 days

For those subscribers who are too busy to trade their own accounts we are now able to offer Autotrading programs with our SK OptionTrader service. One can sign up for autotrading with Global AutoTrading or eOption.

Subscribe for 6 months - $499

 

Subscribe for 12 months - $799

 

sk chart return on SK OptionTrader Model Port 22 aug 2011.JPG

sk chart performance of 10k mod port 22 aug 2011.JPG
Sunday
Aug212011

Exciting Times for Gold Bugs as the Eurocrats Dither

Gold prices push higher as once again the ineptitude of our political masters fails to deliver. German Chancellor Angela Merkel and French President Nicolas Sarkozy had scheduled yet another problem solving high level meeting, out of which their followers expected a stroke of economic genius. Instead the two leaders agreed to try for closer economic integration within the euro zone. A result that adds up to sweet nothing.

The turmoil in Europe continues with no end in sight other than the slow disintegration of this 'one size fits all' lunatic ideology. We have warned you about this train wreck that is looking for somewhere to happen for some time now as the Euro struggles to maintain its value. However, the European mess serves only to take the spot light off the US dollar which is also dead in the water despite the occasional dead cat bounce. The race to the bottom continues between currencies with the only beneficiary being hard assets and as we see it gold and silver are top of that league.

Today we will take a quick look at gold and also the HUI, the gold bugs index, of mainly unhedged gold mining companies designed to give investors significant exposure to near term movements in gold prices.

Historically the summer season in the northern hemisphere is a lackluster period for gold. The summer vacation period sees many of the traders away from their desks until around Labor Day, which is the first Monday in September, (5th) and its upon their return that normal business activity resumes. So it will be interesting to see how things pan out when they do return considering that gold and silver have been trekking north for the past two months.

A quick look at the gold chart clearly indicates that gold prices are bucking the seasonal trends this year, having moved up since early July from $1500/oz to $1855.30/oz at the close on Friday. The technical indicators are firmly in the overbought zone suggesting a breather is due, especially when we have the RSI standing at 81.25 which is well above the '70' level that some traders use as a signal to lighten up. However, the fundamentals for gold remain strong and we are on track to hit $2000/oz fairly soon, in fact we could be there in the next few weeks. Golds progress will eventually pause for a rest, but for us it is difficult to see just what would be the catalyst for such a pause, other than exhaustion.

gold chart 22 aug 2011.JPG

Now with gold and silver making wonderful progress one would expect the associated stocks to going gang busters to, not so. They remain in a sleepy mood right now and are not showing much appetite to reflect the progress of the precious metals. As we see it this situation cannot remain as is, because these producers will be generating handsome profits that will captivate the investment community. The question is when will they take off and in our humble opinion the HUI needs to breakout above 625 with some conviction in order to convince investors that the stocks are finally going to outperform gold. For an investor to carry the many risks associated with mining there needs to be a return that is superior to that of gold, otherwise they will buy the metal and ignore the mining sector.

Taking a quick look at the HUI chart we can see that it is standing at 581.29 as of the close on Friday. A couple of attempts have been made to breach the '600' level but they haven't been sustained, thus far. This gives you the time to prepare for a possible breakout and a rally in this sector. You need to identify and list the quality stocks that fit with your investment criteria and have a good chance of meeting your targets in terms of capital growth, etc. Our portfolio is free to view on our site and you are welcome to drop by and take a look for yourself.

HUI Chart 22 aug 2011.JPG

Finally, in an attempt to get leverage on this bull market we have been utilizing options as our preferred vehicle for maximizing returns. This type of trading is not everyone’s cup of tea as movements can be dramatic in either direction. However, when you see your contracts go exponential, it is truly an exhilarating feeling.

As always time is of the essence, so do your due diligence now and get into position by preparing yourself for the difficulties that we are all going to have to face ready or not. Consider a layering in approach and buy on a regular basis to build your position. The oscillations will become violent at times so expect them and hold on tight, making further acquisitions throughout any weakness in this sector. And smile you’re a gold bug!






Regarding www.skoptionstrading.com.

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 GlobalAutoTrading and therefore auto trading is now available for SK OptionTrader signals

Due to number of subscriber requests that we have received, we are pleased to announce that we have entered into a partnership with eOption and therefore autotrading via eOption is now available for SK OptionTrader signals



Our model portfolio is up 389.58% since inception

An annualized return of 119.37%%

Average return per trade of 40.41%

84 closed trades, 81 closed at a profit

Average trade open for 45.33 days

(Note: We closed another profitable trade on Friday and will update the stats shortly.)


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.



To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address. (Winners of the GoldDrivers Stock Picking Competition 2007)

For those readers who are also interested in the silver bull market that is currently unfolding, you may want to subscribe to our Free Silver Prices Newsletter.

For those readers who are also interested in the nuclear power sector you may want to subscribe to our Free Uranium Stocks Newsletter, just click here.

SK logo 26 May 2011.JPG






Saturday
Aug202011

Recent Gold Hedging Activity – a Warning Sign?

by Andrey Dashkov, Casey Research

In the first quarter of 2011 (Q111), net gold hedging was reported by GFMS and Société Générale. A gold mining company may hedge its production on expectations of falling gold prices in order to lock in high prices and possibly avoid losses. As gold hits one nominal high after another, is such behavior a sign that the bull market in gold is over?

To answer that question, we had a look into Boliden’s (T.BLS) latest interim report. The GFMS study mentions that in Q111, Boliden was one of the most active hedgers; it was accountable for 58% of gross hedging activity during that period. Let’s have a closer look at the company.

Boliden is not a pure gold mining company. Gold is metal number three in Boliden’s portfolio, after copper and zinc. In the second quarter of 2011, Boliden produced 158.5 million pounds of zinc and 45.2 million pounds of copper in concentrates. Gold production in Q211 amounted only to 35,062 ounces; silver, 1.9 million ounces. Boliden is a regular hedger.

Under the current gold price environment, in the beginning of 2011 Boliden decided to increase its gold production. It plans to accomplish this by expanding operations at its Garpenberg zinc-copper-lead-gold-silver mine and by starting up a new mine, Kankberg, which would produce tellurium and gold. Both are located in Sweden.

Boliden used hedging to insure its planned US$614 million (SEK3.9-billion) investment into Garpenberg and US$75 million (SEK475 million) investment into Kankberg. At Kankberg, it hedged all future tellurium production and 80 percent of the gold output. The company wants to leverage on the current high gold and tellurium prices to make sure Kankberg operations remain profitable.

Boliden’s case is quite understandable. Hedging has been the company’s policy for quite a long time, and the need to insure two large new production initiatives resulted in an unusual amount of new contracts.

While Boliden seems to continue committing a significant portion of its future sales in the form of forward contracts, about 60% of all deals at the end of the first quarter make use of a different vehicle: collar options.

The collar-option strategy provides the seller with a balance of limited downside and more flexibility on the upside. The strategy in essence provides a trader (a mining company, in our case) with a price corridor for the contracts to fluctuate within. This is more flexible than setting up a fixed forward price.

It is quite interesting to see what the current price corridor for future gold sales looks like, judging by the option positions held by gold hedgers. Have a look at the following table:

casey 1 17 aug 2011.JPG


The numbers seem quite familiar. The “floors” remind one of some of the more conservative gold prices used in the current economic assessments of gold projects: US$940.35 is close to what Exeter Mines (T.XRC) used as the lowest gold price in its prefeasibility study on the company’s monster Caspiche deposit (US$1,000). The highest “ceiling,” US$2,622, is higher than most of the “best-case” mine scenarios, but is understandable as a gold price projection based on how the metal has been performing so far in 2011. In short, these numbers do not seem to reveal anything that we don’t already know… the timing, however, is quite interesting.

Timing is an important parameter in option pricing. As it turns out, on average the hedgers’ contracts span over quite a short-term period. Quoting the GFMS report:

While the industry as a whole appears to be less vehemently opposed to hedging than was the case a couple of years ago, we note that most hedging is still being undertaken over a short to medium time frame: little hedge cover extends beyond 2013.

There are outliers, however; and Boliden is one of them.

It is interesting to note that around half of [Boliden’s] contracts are scheduled for delivery between 2014-2017; the longest dated contracts seen for quite some time, put in place to secure the long term viability of the Garpenberg expansion.

As we see, the reasons behind the increase in hedging are understandable. There are no signs of a tectonic shift in producer attitudes towards gold. The most cautious ones take advantage of the metal’s price increase, but their actions are largely company- and even project-specific. Hedging can be a good way to increase investor confidence in a mining project, to insure their investments, or to secure a bank loan. We do not see that positive net hedging in the first quarter is alarming – the economic problems bubbling to the surface now should provide a lot of reasons for the gold price to continue rising for quite some time.

Finally, most of the global hedge book is comprised of recent contracts, the report says. They were entered into when gold hit nominal highs and some of the mining companies started acting protective of their future revenues.

[As company managers seek ways to guard their profits, Casey International Speculatorseeks opportunities to profit from the best junior mining companies and brings you in-depth analysis of the small-cap precious metals markets, as well as the best exploration stocks poised for  market-beating gains. Try it risk-free today, with 3-month money-back guarantee.]


Regarding www.skoptionstrading.com.

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 GlobalAutoTrading and therefore auto trading is now available for SK OptionTrader signals


Our model portfolio is up 389.58% since inception

An annualized return of 119.37%%

Average return per trade of 40.41%

84 closed trades, 81 closed at a profit

Average trade open for 45.33 days

sk chart graph 17 aug 2011.JPG

sk chart model portfolio 17 aug 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.



To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address. (Winners of the GoldDrivers Stock Picking Competition 2007)

For those readers who are also interested in the silver bull market that is currently unfolding, you may want to subscribe to our Free Silver Prices Newsletter.

For those readers who are also interested in the nuclear power sector you may want to subscribe to our Free Uranium Stocks Newsletter, just click here.








Thursday
Aug182011

SK OptionTrader Now Offers Autotrading With eOption

Due to number of subscriber requests that we have received, 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 eOption and therefore autotrading via eOption is now available for SK OptionTrader signals.


eOption

This partnership with eOption is in addition to our autotrading partnership with Global Auto Trading.


To sign up for autotrading of SK OptionTrader’s signals please contact eOption.


Regarding autotrading, we would like to make a few things clear:


eOption is a separate entity from SK Options Trading.


All queries regarding autotrading with eOption should be directed to eOption and not to SK Options Trading.


Autotrading requires a separate fee from the SK OptionTrader subscription fee (payable to eOption).


One must be a subscriber to SK OptionTrader before being able to trade our signals.


The SK OptionTrader subscription cost is not included in any eOption fees.


We strongly suggest that one has a substantial understanding of options trading and the way our service operates before opting to have our trading signals autotraded by eOption.


Our SK OptionTrader model portfolio is up 389.58% since inception and our average return per trade is 42.47%, including losses. In total we have closed 84 trading recommendations with 81 closed at a profit. A one year subscription costs just $349 and a six month subscription costs $199, just $1.10 per day. Autotrading is now available with SK OptionTrader, made possible by eOption and Global Autotrading. For more information or to sign up, please visit www.skoptionstrading.com



sk chart model portfolio 17 aug 2011.JPG

Subscribe for 6 months - $499

 

Subscribe for 12 months - $799

 


 



sk chart graph 17 aug 2011.JPG
Tuesday
Aug162011

Massive 197.14% Gains Banked After Just 24 Days

Once again SK OptionTrader has provided its subscribers with another profitable trading signal, this time generating gains of 197.14% in a little over 3 weeks. This has boosted our model portfolio to total gains of 389.58% since inception.

On the 18th of July 2011, we told our subscribers that “We hereby signal to buy the GLD Mar-12 $180 Calls @ $3.50. This trade involves simply buying the GLD March 17th 2012 calls for $3.50. We are allocating 5% of our capital to this trade.”

gld-mar-12-180-calls.png

As you can see from the above graph, SK OptionTrader has sold within 10% of the current peak, giving the trade its massive gains of 197.14%.

The decrease in US real rates and the inverse relationship that this has with gold was a contributing factor in the recent rally to $1800 “...most importantly we think US real rates will likely head significantly lower, sending gold to $1800+ within a matter of months.” Another factor causing the increase to over $1800 was the flattening of the US yield curves and the increase in expectations of “...another round of monetary easing which will send gold prices past $1800...”

Once gold rallied to over $1800 and met our predictions, we felt that it was time to take some profits off the table. We signalled to our subscribers to “...close our long position in GLD Mar 17 ’12 $180 Calls at $10.40” on the 11th of August, resulting in profits of 197.14% in just over 3 weeks.

Buying a call option is a facility available to anyone that has the ability to trade stock options. This makes our service simple, straightforward and easy for anyone to follow, meaning that you could begin to maximise the profits of your options trading portfolio by signing up now. In fact, if you had invested $1000 in this trade you would have made $1971.40, which would have paid for your 6 month subscription nearly 10 times over!

Since our first trade just over 2 years ago SK OptionTrader has been one of the best vehicles for trading the gold market. This is due to the versatility of options and the vast number of opportunities that are provided by their use. Versatility allows us to take on an aggressive trading stance whilst our risk remains limited. Our use of options has resulted in SK OptionTrader surpassing GLD and the HUI more than 7 times over, with gains of more than twice the performance of DGP, a double leveraged gold ETN. Our use of options has continued to benefit our subscribers, with our latest trade closing profits of 197.14%.

Currently the SK OptionTrader model portfolio is up 389.58%, which means a $10000 portfolio invested in accordance with SK OptionTrader signals would now be worth $48,958.28. On average a position gains 42.47% in 45.33 days, which provides an annualized return of 119.37%. We currently have trades open which are showing gains of over 260%, and we see these positions as well as others in our portfolio gaining further!

So now is the perfect time to open a subscription with SK OptionTrader and begin increasing the profitability of your trading portfolio.

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

Subscribe for 6 months - $499

 

Subscribe for 12 months - $799

 



return-on-skot-140811.jpg

portfolio-chart-140811.jpg