This is just a quick note to let you know that today we closed another short trade on GDXJ generating a profit of 35.26%.
This is the third time that we have successfully shorted GDXJ since the inception of this premium trading service, our trading record will be updated as soon as we can get to it.
We currently have 75% of our funds in cash and are happy to have it on the sidelines in readiness to be deployed when the next opportunity presents itself.
We are aware that this is not an exciting position for those investors keen to purchase precious metals mining stocks, but when gold is having such a bad time we deem it better to take profits here and there until this bear phase exhuasts itself.
Had we have adopted an aggressive acquisitions programme then our portfolio would have suffered serious injury.
As you are aware I'm still not convinced that this bear phase is over yet and we need to be mindful that it is still there and presents a considerable risk for the longs.
When we started this venture I was of the opinion that it was going to be a 'white knuckle ride' and 2013/2014 has certainly has certainly been that.
The following is a gentle reminder of some of the previous points that we have made regarding the 'Stock Trader' service:
We issue a trading signal to you via email as soon as we open or close a trade.
We ask that you go gently with every trade and only risk what you can afford to lose. We will usually allocate about 5% to 10% of our funds to each trade.
The fee for this service is US$199.00 per year; there is no 6 month subscription as we want you to stick with us for 12 months, which will allow us the time to prove our worth to you.
We are not financial advisers and do not give financial advice, only access to what we do in terms of trading.
Auto-trading is now available.
Your time and comments are very much appreciated, so please fire them in.
Should you wish to join us in this venture, then you are most welcome
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