Embry had this to say about Apple and the world’s gold shares: “I would just like to add that we see shares of Apple hitting new all-time highs, even though their last quarter wasn’t quite up to snuff. But the market cap of Apple is now greater than three times that of all of the world’s publicly traded gold and silver equities.
This will be seen as preposterous in the fullness of time, and I can assure that this will reverse as the bull market in gold and silver mature.”
Today John Embry told King World News, “... the market cap of Apple is now greater than three times that of all of the world’s publicly traded gold and silver equities.” Embry also said, “Irrespective of the back and forth in the gold market, in a covert fashion, the Western central banks have been acting much like they did back during the London Gold Pool in the 60s ... the Western central banks can only get away with this for so long, before they are completely overrun.”
“I’m focused on the better silver price, which sort of came out of left field. Thirty-eight times silver was recently beaten back on a minute by minute basis at the $28 level. Every time it went though $28 it was jammed back down. So for silver to breakout today and make a run towards $29 is significant, and very promising going forward.”
To read this interview in full please click here.
Have a good one!
Regarding www.skoptionstrading.com. Recently we closed another profitable trade, a play that was a tad more sophisticated then our usual trading methodology as it was predicated on the reduction of volatility. Although the profit was small, 6.46%, we had allocated 15% of our funds to this trade which was three times higher than our more normal 5% allocation. The statistics and charts have now been updated.
Our trading success rate is 91.00%
92 profitable trades out of 101.
Our model portfolio is up 459.99% since inception
An annualized return of 76.75%
An average return of 35.10% per trade
Our annual performance figures are as follows:
2009 We made a profit of 23.89%
2010 We made a profit of 158.66%
2011 We made a profit of 40.95%
In 2011 we outperformed:
S&P by 42%
HUI by 53%
Gold by 31%
Silver by 41%
The 2011 Annual Report by be accessed via this link.
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