There’s possible excitement brewing in February Gold (and March Silver as well) in the form of the first bullish impulse leg we’ve seen in two months. Check out today’s tout and the chart that accompanies it to see at exactly what price this would occur.
Just a Little Higher in Gold, and…
- January 22, 2013, 6:22 pm
Where do I check the tout and the chart? There is nothing here. I have found your instructions difficult to follow because they are not complete in just one place and I must go to the chat page or some other place. The only time that I found the instruction complete and in one page were with the GS recommendation on January 17. You wrote: “The HiddenPivot target where we’ll attempt to do something lies at 145.35, and I’ll suggest buying four February 140 puts if the stock should get within 15 cents of the target. To manage the risk of this trade initially, I’ll suggest ditching the position if the puts trade for 25 cents less than you paid for them. In theory this will limit a loss to about $100. I am recommending this because if the intuitively obvious pattern plays out rather than the somewhat idiosyncratic one that has seized my fancy, the stock will be on its way to a minimum 148.42 (which will be shortable too).
Now that is simple and easy to follow for me. Could the other recommendations be of the same format?
Thank you,
Evagelia
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I occasionally include actionable advice in the free e-mail that goes out each day, Evagelia, but to access my best stuff regularly you’ll have to subscribe. I do try to offer enough easy trades that even beginners and lurkers will have a chance to pay for a year’s subscription with trading profits.
Why don’t you try a free, no-risk subscription for a week by clicking the “free trial” link on the home page? You can find out yourself how we’re doing by asking around the chat room. I’ve tried to make Rick’s Picks a place where you can learn how to do it yourself, since no one ever got rich by blindly following the advice of others. RA