We made 135.71% As Gold Stocks Collapsed

The bull market is over, gold has fell the most it has in one day for nearly 40 years, and gold stocks are closing in on a third of what they once were. While the markets are experiencing turmoil and many investors are watching their portfolios deteriorate before their eyes, SK OptionTrader subscribers are more than doubling their money.

On April 15^th as gold plummeted our portfolio rocketed, allowing us to bank 2 trades with profits of over 100%. One was a Vertical Put Spread on GDX that made us 175% in 4 days, and the other made 135.71% using puts on GDXJ.

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SK OptionTrader Banks 175% Profit in 4 Days

For subscribers of the SK OptionTrader service, 2013 has been phenomenal. All of the trades that we have closed have been winners, and we have added to our streak again as gold has collapsed. We were held the belief that the gold bull market had finished its run for the current cycle in February, and therefore have been profiting from the deteriorating gold prices ever since.

Last Thursday, March 11^th, we recommended to our subscribers to “buy GDX Sep 21 '13 +$30/-$25 Put Spread at $0.80”. The end of the bull market would trigger an absolute capitulation in gold stocks; we had set a target of 300 for the HUI, which has now been reached. Through Friday and Monday’s trading periods the HUI crashed and fell 14.87%, resulting in a drop of 17.78% in GDX. This drove the value of our Put Spread from $0.80 to 2.20, that’s a 175% gain in just 2 trading days!

Once the gains were showing we swiftly

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SK OptionTrader Portfolio Up Over 10% in a Day as Gold Collapses

Gold has taken its biggest 1 day fall in COMEX history, gold mining stocks are down even more, silver has lost nearly 18%, and junior miners have lost nearly 20%. Even the S&P 500 is also showing a loss. However, our subscribers are not down; in fact the SK OptionTrader portfolio is up a massive 10.03% in one day!

We believed that the bull market may well be over, and voiced our views

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1 Week, 2 Wins for SK OptionTrader Subscribers

It is safe to say that last week for SK OptionTrader subscribers was at the very least, a good one. We closed two separate trades that made money due to the falling prices of both silver and gold stocks. We have long been of the belief that these stocks are a big “no-no”, when it comes to investments, if you want to make a profit that is. Therefore we have taken positions that benefit from this consistent underperformance, and have banked gains as a result.

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Doug Casey on Internationalizing Your Assets

Doug Casey on Internationalizing Your Assets

By Doug Casey, Chairman

In a wide-ranging interview with Casey Research editor Louis James, Doug Casey discusses why it's imperative to start diversifying one's assets today, and provides some guidance in considering countries to diversify into.

L: Doug, we're getting a lot of questions from readers on how to follow your advice to diversify assets politically. I know it's a prickly subject, but what can you tell us about getting our money out from behind the new iron curtain that seems to be descending?

Doug: First – and I can't stress this enough – you've got to accept the grim reality of impending currency controls. The modern era of foreign exchange controls really started with the perversely Orwellian-named Bank Secrecy Act of 1970. For the first time, that made it obligatory for US citizens to report any foreign bank or brokerage accounts they had to the government.

But the threat is older than that,

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SK OptionTrader Passes Another Milestone: 120 Trades Closed

2013 has been a year of milestones for SK OptionTrader thus far. We have closed our largest winning trade to date, a winner of 212.50%. We have closed over 100 winning trades, and have made over a 500% return since the beginning of our service. With our latest trade we are celebrating the milestone of having closed 120 trades closed.

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Tanzania grants first uranium mining licence

The Tanzanian Ministry of Energy and Minerals granted its first uranium mining licence to Mantra Tanzania, a subsidiary of Australia-based Mantra Resources, Tanzania's The Citizen reported Tuesday (April 9th).

Mantra Resources is owned by Russian uranium company AtomRedMetZoloto (ARMZ), which will put the operation of the Mkuju River mining site under the control of Canada-based Uranium One,

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SK OptionTrader Portfolio Breaking Record High Returns of 506%

SK OptionTrader recently closed a trade on Silver Wheaton; using puts to take advantage of the plummeting stock price.  This particular trade pushed our overall returns since inception to a total 506%! These returns have been generated over the 3 years and 8 months that our service has been operational. This means that if one had invested $10,000 in 2009 and followed our signals, this would now have been worth approximately $60,599.55.

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29.41% Profit in 17 Days for Our Subscribers As SLW Plummets

SK Options Trading has recognised the changing market dynamics in the precious metals markets, and as a result we have been consistently banking profits this year. As familiar readers will be aware we have been unafraid to state our view that the bull market may be over, and now we have profited again. This time we used puts on Silver Wheaton to bank a quick 29.41% in 17 days.

We believed that Silver Wheaton would be vulnerable to a price drop, given that it is effectively leveraged to silver, and silver can be more volatile than gold in times of significant movement. As of April 8^th, silver is down 4% more than gold, and during the period that we held this trade silver fell 12% more than gold. Therefore we believed Silver Wheaton fall considerably more than gold if the downward trend continued.

To take advantage of this we signalled “to buy the SLW Sep 21 '13 $25 put at $0.85”, to our subscribers.

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15.88% Profits Banked as SK OptionTrader Wins Again

SK Option Trader continues its winning streak in 2013; closing our sixth consecutive winning trade. This time we profited from the poor performance of mining stocks with a vertical call spread on GDX.

We have long been of the belief that gold mining stocks are one of the worst performing stock sectors; this has been most evident in recent times when mining stocks have underperformed gold and have failed to rally despite equities hitting all time highs.

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