This is just a quick note to let you know that our new venture, 'Stock Trader' has closed two profitable trades this week. They were both 'short' trades on GDXJ, the first was opened on 07 May 2013 at $11.75 and the second was opened on 11 June 2013 at $11.25. We closed both of these trades today at $8.50, banking profits of 27.66% and 24.44% respectively.
The precious metals markets are currently being battered and the mining companies are still being taken to the wood shed, as evidenced by the HUI which stands at 211.52 today, which is about half of what it was a year ago.
When we started this venture I was of the opinion that most of the damage had been done, however, that wasn't so and in the interest of fairness to you all I do have two trades which are under water. This white knuckle ride is not for the faint hearted as we have said many times on both our gold and silver web sites, with volatility being the order of the day.
The following is a gentle reminder of some of the previous points that we have made:
As regular readers will know we have steered clear of precious metals stocks in general as we were of the opinion that the inherent risks involved in the business of mining was not worth our hard earned cash.
For two years or so we avoided them, however, the risk/reward environment has improved to the point where we see a number of exciting opportunities on the horizon that we can take advantage of.
2013 could well be another hard year for the mining sector so timing our acquisitions and disposals will be crucial to our decision making process.
We will issue a trading signal to you via email as soon as we open or close a trade.
Please 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 to anyone, only access to what we do in terms of trading.
Auto-trading is now available.
Your time and comments are very much appreciated.
Welcome aboard our new venture we do hope that you find it enjoyable and profitable.
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