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.
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.