On July 31, just a little over three weeks ago, I put out a Wealth Dailyarticle with the headline, “Buy Gold Before Thursday.”
The technical chart was clearly saying gold was going much higher.
We are now up more than 110 points since that date.
My call has been vindicated, my trading system is correct.
I made the same call for silver...
Readers of my trading service Crisis and Opportunity are up 19.79% after buying the 3x Gold Miners EFT (NYSE: NUGT) two weeks ago.
We are up 11% in the Silver ETF (NYSE: SLV).
I have also been adding other commodities to our portfolio, including uranium and platinum.
You should pay particular attention to the undervalued miners.
Blood in the Streets Platinum
In fact, I made readers like you 83% returns in a day from platinum in my options service, Options Trading Pit.
You may have heard about the crisis in the South Africa platinum mines after police killed striking mine workers last week...
Here is my buy alert, word for word, that I put out that morning August 17:
That afternoon my readers sold at $1.10, banking an 83% one-day gain.
Big Gains, Fast
Here is how it looked:
The chart follows the same winning pattern with a breakout, volume spike, and MACD crossover.
Hedge Fund Buying
I'm not the only one who's stocking up on commodities in what might be the next commodity supercycle...
According to Bloomberg:
Money has been flowing out of equity mutual funds and into hard assets.
Investors added $1.47 billion in commodity funds for the week ending August 22. This is the third inflow in the last four weeks.
The number of gold futures and options contracts jumped 35% the last week. Platinum option contracts more than doubled, and the number of oil contracts was up 18%.
It looks like the money managers are back from the beach and are placing their bets for the fall quarter.
It's time to load up on commodities. They have a long way to run.
Article written by Christian DeHaemer in Wealth Daily Newsletter - August 28, 2012
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