Gerald Celente‚Äôs gold account confiscated
Tuesday, November 15, 2011 at 10:51PM
Silver Prices

 

The recent bankruptcy of financial stalwart and Wall Street casino failure MF Global in the US, has claimed a new and unlikely victim. Following the company’s glorious collapse, Trends Research founder Gerald Celente had his own six figure gold investment account completely looted by chapter 11 trustees, and he is fighting to get it back. (This clip was spotted on www.Infowars.com)

This is an absolute shocker. It now raises a number of questions regarding the safety of stock broking accounts. We have stressed the need to hold both gold and silver in your own hands as a first step to investing in the precious metals sector and then acquire the good quality associated producers. However, should the broker not be there tomorrow, then all that effort in terms of research and analysis goes down the plug hole.

We have posted a number of articles questioning the wisdom of holding stocks when compared with other investment vehicles such as options trading, in an attempt to get some leverage to the underlying asset. However, the same risks apply as our options holdings and the cash to trade them reside in stock brokers accounts.

This is worrisome and we will need to take a long hard look at the way we do things in the future as our investment strategy is not without risk.

Anyway please click here to see the above mentioned video clip with Gerald Celente talking about the confiscation of his funds and also a little about the state of the European Union and the financial turmoil it is currently battling with.

Regarding www.skoptionstrading.com. We currently have a number of open trades at the moment however, we do not update the charts until the trade is closed and the cash is back in our account. (We have closed one trade and will shortly close another trade so hopefully this weekend we will have the charts updated.)

Our model portfolio is up 407.38% since inception

An annualized return of 113.83%

Average return per trade of 42.43%

86 closed trades, 83 closed at a profit

Average trade open for 45.85 days

 

 

So, the question is: Are you going to make the decision to join us today.

Stay on your toes and have a good one.

Also many thanks to those of you who have already joined us and for the very kind words  that you sent us regarding the service so far, we hope that we can continue to put a smile on your faces.

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