As you know I have been warning of a large market decline for months. However, despite the market remaining in its two year trading range we have made profits by moving into the precious metals sector just before it broke out in February and March.
There is still time to profit and in gold stocks and from a market decline in recent weeks great investors such as George Soros, Stanley Drunkenmiller and Carl Icahn have warned of a large market drop. They have all put their money where their mouth is with Soros shorting the S and P, Drunkenmiller going long gold with 30 percent of his portfolio and Icahn going 150 percent net short in his holding company which trades on the NYSE.
There are many stocks that I am targeting as shorts that have just begun to decline or starting their topping process. Bear markets are a process. Some stocks get hit early, some later on in the bear.
We are also seeing gold breaking out and over the next few years there will be huge opportunities in gold and the mining stocks.
This reminds me of when I first started out in the late nineties from 2000 to 2003 my newsletter had a phenomenal track record as we purchased gold stocks as they started a bull market as tech stocks busted. In 2002 The SIE Group ranked my newsletter 5th out of over 300 publications cause we went into gold stocks just as we did today.
We are not dogmatic in our approach. We look for value. I have had non precious metals stocks that have soared 30 to 100 percent or more in recent months because I bought them because I saw great value.
The three long positions I took made our subscribers 25, 50 and 70 percent in just a few weeks!!!
We still see this market falling a great deal but nothing goes down in a straight line. Our mission is too balance risk and make our subscribers money. I have a testimonial from one of these subscribers listed below.
From Jim W subscriber
“I’ve been waiting on the market to start it’s next leg down to buy more puts because I wanted to increase my puts’ gains via the VIX spiking.
BTW you were the only person I’ve seen who has ever pointed out how much of an impact the VIX makes on put prices in bear markets.
I had sworn off options entirely until you pointed out in an interview with Mike Swanson in early August-ish that buying puts then made so much sense because the VIX was at 12. I ended up making 6x my money on that and that’s when I decided to sign up for your service. You give a lot more updates than other services and your rates are much better.
Thanks for bringing me back into the world of options!” – January 2016
Starting Today until Saturday at midnight I will have a special offer to the newsletter. A one year subscription includes our monthly issues, trading alerts, podcasts, video updates and more! Please sign up to this offer by Monday if you are interested.
As we saw from the last two major market drops in August and January a serious decline in markets can happen and happen quickly. We also make the use of options to help protect you portfolio and leverage gains.
In addition, as the gold bull market matures it will be the smaller junior companies that lead the way. I know many people in this industry and can help steer you into the quality companies which will lead the way higher in a gold bull market.
Bill Gross says German Bund is short of a Lifetime
Comment : IBM debt has nearly doubled in 2 years and almost all the money has gone towards buy backs to keep the stock from tanking. This is quite a long term growth strategy.