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Friday
Jun292012

President Herman Van Rompuy Speaks and the Dollar Falls Out of Bed

The euro jumped higher on Friday when the European Council President Herman Van Rompuy said the euro zone reaffirms its commitment to use its bailout funds flexibly and efficiently to calm markets. As the Euro gained ground the US Dollar fell from grace with commodities such as gold up $15.00 and silver up $0.51. The Asian markets also reversed negative trends to head to higher ground.

 

In our humble opinion this reaction to the soothing words of a Eurocrat clearly demonstrates that we really have no idea about what is going on and we are clutching at straws. Very little has changed, apart from the infusion of around 60 billion euros and the re-allocation of about the same amount in an attempt to alleviate the prevailing anxiety. This is no more than a band being applied to a patient who has multiple fractures and numerous broken bones.

Its a puzzle to us that those currently cheering the latest announcement to emanate from Europe ever got together with money in the first place.

This initial bout of euphoria will fade faster than Germany's interest in the European Football competition, now that they are out of it.

Do not get carried away with this news, hold onto your holdings in the precious metals sector and don’t be pressured by what is little more than white noise.

Kick back, relax and enjoy the weekend, the Euro compact, fiscal or political is at the end of the road, all that remains is the credits and a rendition of the national anthem.

Proceed with great caution.

Regarding www.skoptionstrading.com. Last week we closed a trade involving the S&P which generated a profit of 25.61% and was opened just 8 days ago, the charts and stats will be updated shortly.

Our trading success rate is 91.00%

91 profitable trades out of 100.

Our model portfolio is up 455.14% since inception

An annualized return of 81.15%

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.

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.

If you are new to investment in the precious metals sector then you may wish to subscribe of our FREE newsletters regarding gold stockssilver stocks and uranium stocks, just click on the links and enter your email address.

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Reader Comments (4)

"Its a puzzle to us that those currently cheering the latest announcement to emanate from Europe ever got together with money in the first place."

Ha. Good one guys.

June 29, 2012 | Unregistered Commenterfallingman

High River Goal has done nothing in the two years I have owned it. How much longer are you willing to wait for the this great potential that you write about to be realized in this stock? THis money has been dead money for two years now? You would think on a day like today when Gold is up 50 dollars that it would at least move upward...not the case.

June 29, 2012 | Unregistered CommenterGary

Gary,

If you are not happy with HRG then move on. Its your cash and your call. We are sticking with it for now, but we have been wrong in the past as you well know. We wish you well with the stock you choose to go with.

We are struggling to understand the lack of performance with the stocks, especially as so many of the big names in this sector are giving them such a push. The leverage still isn't there, just look at today's performance, gold up 2.84%, silver up 4.08% and the HUI is up 3.19%.

We are holding the stocks that we own, holding the physical metal and some success in the options area, but that suits us and is not for everyone.

All the best,

Bob K

June 29, 2012 | Registered CommenterGold Prices

fallingman,

The DOW is up 277 points, gold up $44.10 and silver up $1.08 which is pleasing for those of us who are heavily committed to this sector and we most definitely are. But this rise is based on what exactly? The words of an un-elected clown who has never had a job in his life, I'm stunned that the market is so trigger happy and prepared to pounce on a few words from him of all people.

Have a good one,

Bob k

June 29, 2012 | Unregistered CommenterBOB K

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