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« Markets at a Glance | Main | Will China Buy Italian Bonds »
Wednesday
Sep142011

The Madness Continues

cartoon of growing debt 14 sep 2011.JPG

The cartoon and the text is courtesy of Jim Sinclairs site, www.jsmineset.com, as they say every picture tells a story

:

Meanwhile the madness continues. The Western world debt problem has no practical solution. There is no re-jigging of the currency union that is going to bring peace and quiet to a world overspent and over burdened with debt. What can the Secretary of the US Treasury offer to Europe? What can Europe do for itself? All the problems that we have spoken about over these many years have come home to roost.

Gold is chopping hard here but that is what has been anticipated. This action consolidates the market gains we have witnessed, giving basis for a move in the $2000 range.




Regarding www.skoptionstrading.com. We currently have a number of open trades at the moment, however, we do not update the charts until the trade is closed and the cash is back in our account.


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 eOptiontherefore 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.







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Reader Comments (3)

are still recommending the purchase of silvercorp ?

September 14, 2011 | Unregistered Commenterpierre lebeuf

are you still recommending the purchase of silvercorp ?

September 14, 2011 | Unregistered Commenterpierre lebeuf

pierre,

We have never recommended the purchase of silvercorp., and its not in our portfolio.

When we make a purchase we write about why we are doing so etc, but after that it is entirely up to the reader to do their own due diligence and make their own investment decisions.

September 14, 2011 | Unregistered CommenterGold Prices

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