Hubert Senters here.
We had a jump in the fear gauge today which is gold so gold’s up $22 as of the recording of this video. Now, if you’re a futures trader just trade the gold contract. Best way to do it in my opinion. You get more bang for your buck plus if you’re profitable as a futures trader you get a little bit of a tax break which is an amazing thing.
Now, if you’re not into futures I totally understand trade, trade the ETF GLD, ETF it’s going to mirror gold the closest and it’s better than just outright trading a gold stock like Newmont miners, Newmont money so NEM so you can see NEM it costs these guys.
First I’ve got to figure out where the gold is and they’re not always right. Second they have cost associated with equipment labor and fuel costs to get that stuff out on the ground then they get paid based upon the cash price of the spot on gold at that particular time so I don’t think this is a wise way to do it.
I think you can hold GLD as an ETF based upon the fluctuations of gold price way better than you can a gold miner for the same reasons I just talked about you have three other risk factors that you can’t control. You can’t control the price of gold either but at least you can control whether if it goes up and you’re right.
You make money and if it goes down and you’re wrong you lose money but you can’t really control if they get it out of the ground profitably or unprofitable so take a look Gold, GC on futures, GLD on ETF or pick a gold mining stock that would be my least favorite way to do that though.
I’m going to be doing a risk reward webinar tonight ‘’How I made $6,281.25 in 10 days without risking more than $312.50’’ Tuesday February 19th at 8PM EST. Click the BIG YELLOW BUTTON.
Good luck. Hope it helps. See you on the webinar.
Hubert.
