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Yesterday, EUO hit our target and we exited the trade with a solid profit. Last week we turned a nice profit on GDXJ and we are also slightly in the money on AGA. AGA appears very close to breaking out. Also yesterday, via intraday alert, we entered a long position in the ProShares UltraShort Gold ETF (GLL). Shortly after our entry, GLL broke out to set a new swing high and we are now solidly in the money on the trade. We decided to enter GLL because it was showing relative strength, as it quickly reclaimed its 5 minute high after selling off at the open. We waited for GLL to overcut Monday’s high of $17.83 and then entered the trade on a pullback. Details for this trade are available to our clients in the open position segment of the newsletter.

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