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2016/08/03

Better Than Gold: Book 60% on This Astonishing Trade!​

Rude Awakening
August 3, 2016
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Silver and Gold

Better Than Gold: Book 60% on This Astonishing Trade!​

  • 2016's top performer delivers…again!
  • A powerful rally
  • Plus: How to double your gains

Greg Guenthner coming to you from Baltimore, MD...

Greg GuenthnerGrab a friend or family member. Ask him this question:

What is the best performing investment of 2016?

He might guess Apple. Or Facebook.

If he reads the Wall Street Journal, he might say gold.

Wrong, wrong, and wrong. We can do better. Just look at silver...

In late June, we told you silver was ready to make a run at $20 for the first time in nearly two years. In only a few days, the poor man's precious metal blasted through $20 and barely looked back. It's been on a historic run ever since…

Now that silver's 5-year bear market is over, it's taking no prisoners. It's up nearly 50% so far in 2016—easily topping even gold's impressive run higher.

All That Glitter

Today, I want you to take advantage of silver's powerful move by booking gains just shy of 60% on one of our strongest trades…

To be clear, I don't think silver's epic rebound is anywhere near finished. But as with all trades, there comes a time to take money off the table. That's what the market's telling us right now. And when the market speaks, we're all ears.

Before we get to the details, here's how silver went from dud to stud this year:

Earlier this year, gold hogged the precious metals spotlight since it started ripping higher in February—and deservedly so. After all, gold surprised nearly everyone with its impressive move off its lows. It's up more than 28% year-to-date. To put that move in perspective, the mighty S&P 500 is up just about 5% on the year after yesterday's swoon.

But silver hasn't earned much ink from the financial press.

Sure, silver kept pace with gold for the first six weeks of the year. But in mid-February gold started to outshine its less lustrous cousin. At the time, gold and other metals were making the most dramatic moves. Earlier this year, we also had the opportunity to book gains on aluminum producers and miners as other precious metals surged.

Meanwhile, silver consolidated.

Silver didn't jump to new highs until mid-April (that's when we first hopped onboard). After another sharp pullback in May, silver roared back. Its bull run accelerated after the Brexit bottom. That's when silver officially left gold in the dust…

Of course, the best way to play silver's move has been the miners. They've been the most straightforward trades on the market for months—and the most profitable. What's even more impressive is how you've had the opportunity to double silver's gains just by playing the miners.

Today, we're taking gains on Silver Wheaton Corp. (NYSE:SLW). We hopped onboard this play back on April 20th. Since then, it's gained nearly 60%, compared to a 22% gain in silver's spot price. It has now risen an impressive six trading days in a row. That's gives us the perfect opportunity to take some money off the table today.

The new bull market in precious metals has treated us well this year. Along with our SLW sell, we're booking 20% gains on two other metals plays today [check out how PRO members got access to these trade ideas].

When silver sets up for a trade after it blows off some steam, you have yet another chance to book gains like these in a matter of weeks.

Stay tuned…

Sincerely,

Greg Guenthner

PS: No Rude tomorrow or Friday! Enjoy your weekend and I'll be back with more trading ideas bright and early Monday morning… 

[Ed. Note: Send your feedback here: rude@agorafinancial.com - and follow me on Twitter: @GregGuenthner]


Is Gold Hiding at the Grocery Store? Baltimore Man explains…

In a video that's gone viral…

A Baltimore man demonstrates – live on camera – how he's able to find gold at grocery stores all over the city…

And explains why any major grocery store in the country could be hiding hundreds… even thousands of dollars in free gold.

Click here to watch the unusual video…


Rude Numbers

When to Buy... When to Sell
46

points fell from the Nasdaq Composite yesterday. The tech-heavy index took the biggest hit of the major averages as the market had it's first significant down day in weeks...

$39.95

buys a barrel of crude today. Oil remains below $40 even as it claws back from the dead this morning. It's up more than 1% in early trade...

$1,370

is where you'll find gold futures this morning. The yellow metal is down about $2 to start the day...

$707

is the price of palladium today. This forgotten precious metal is finally cracking after a huge run higher in July. It's down almost 1.5% this morning...

2,148

marks the spot for S&P futures just before the morning bell. Stocks are set to open in the red today...


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