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Gold has had one heck of a wild ride over the last few years.
From 2009 to mid-2011 we saw a parabolic rise in price and sentiment, only to be immediately followed by a severe decline from that point. Gold bulls who got caught chasing the euphoria have been hurt badly.
In 2011 I was featured in a cover story in the Wall St. Journal discussing this commodity bubble in gold and silver as it was eerily reminiscent of so many former trading bubbles I had seen. I was one of the few who technically spotted the tops in both gold and silver back in 2011.
Through 2011 and 2012 I rode that commodity bubble “pop” down, short-selling both gold and silver ETFs ̶ (NYSEArca: GLD) and (NYSEArca: SLV) ̶ for hefty gains. This to me was textbook in terms of the price action displayed in all trading bubbles I’ve been a part of in my career to date.
Since that trade ended (for me at least) in early 2013, I have had little to no interest in trading gold (or silver) as they have been what I consider “dead money.”
Opportunity in a Gold Pullback?
All that being said, from time to time there are select trading opportunities I believe are worth considering. Having watched gold rise roughly 25% since the beginning of the year, I see a low-risk opportunity here to make some short-term money.
In today’s video I want to discuss how to profit from a gold pullback. I will examine the recent rise in the price of gold, what I see happening now and suggest a trade that could result in a potential 20%+ profit.
Click on the play button below to view the video.
https://youtu.be/ygABW8rQUR8
This Is Making Ordinary People Rich
Ordinary people across America are getting insanely rich. Take Gladys Holm. She never earned more than $15,000 a year as a secretary. But by making one simple move, she was able to leave an $18 million fortune to a children’s hospital when she died. There’s many more just like her.
Find out how they did it right here.