|Recommendation: For each $25,000 in equity you are trading …
Buy 100 shares of the VelocityShares 3X Long Silver ETN (USLV) at the market and place a protective sell order at $20.49, STOP, good till cancelled.
It’s time to add silver to the portfolio for what could be a nice, low-risk, high profit potential opportunity, along with the existing gold position.
To summarize, both gold and silver are now holding major support levels. If successful at holding those levels, we should see a nice rally start to unfold.
More importantly, please consider what I told my Real Wealth Report subscribers in a flash alert this morning:
“ … we now have a final line in the sand, so to speak, or tipping point for the metals.
Since this is now such a crucial time for the metals, and we are so very close to knowing their next major moves, I want you to have the numbers right in front of you.
Gold is currently trading at $1,294.55 as I pen this flash alert (Thursday, 11:20 PM EST).
It must hold the $1,278 level (basis spot, or cash) on a closing basis and start to rally anew.
Or it is in danger of negating its recent upside progress and it will instead resume a bear market heading to new lows — below $1,178 — later this year, before finally bottoming.
Silver is currently trading at $19.79 as I pen this flash alert.
It must hold its June 2013 low at $18.18 on a closing basis, and start to rally anew.
Or it is in danger of negating its recent upside progress … and it too would then resume a bear market, heading to new lows — as low as $15 later this year — before finally bottoming.
Go ahead and act on the above recommendation as soon as possible. Hold all other positions and stay tuned!