Action Alert: ABX Hits 50%, Sell HALF
Reminder: Special Offer Expires This Saturday!
Dear Bottarelli Research Member,
Back on November 24th, we added to our Barrick Gold January 2010 40 Calls (WRX AH) for $4.90 per contract. As I write today, shares of ABX have blasted higher, exactly as we expected. As a result, your calls have traded as high as $7.50, good for a 53% gain! If you haven’t already done so, be sure to lock in HALF of your profits now!
PLAY: Sell HALF of your Barrick Gold January 2010 40 Calls (WRX AH) at market, good for the day.
Going forward, I continue to love the idea of playing gold stocks. After all, just look at how the U.S. government is getting all of the money to fund these major bailouts, and you’ll get scared stiff. As a result, gold looks like one of the very best investment ideas going into 2009. Here’s a brief run-down…
Technically speaking, the bailout money comes from the Federal Treasury — which was running a massive $400 billion budget deficit before our current financial crisis even began.Therefore, to pay the bailout commitments, the government has had to borrow hundreds of billions more by selling bonds on the global bond market.
Every week, the Treasury Department auctions bonds ranging from 30-day to 30-year expiration dates. The money collected from these bonds is deposited into the Federal Reserve Bank of New York, which then turns around and lends it to failing companies like AIG and Citigroup. This entire process is what people describe as “printing money.” After all, the money collected from issuing bonds is essentially created out of nothing.
As it stands right now, we’re borrowing $550 billion per quarter — which has pushed our national debt past $10.6 trillion. Heck, taxpayers like you and me pay $412 billion just in interest to cover this enormous debt. This is truly unfathomable, and it makes a powerful case for investing in gold.
Even more concerning is the fact that China and Japan respectively own $585 billion and $573 billion worth of Treasury Bonds. And since China and Japan are both major U.S. exporters, they’re essentially buying Treasury Bonds with our money! For example, we pay them our hard-earned dollars to send us knick-knacks like snow-globes and yard gnomes — and they use this money to buy U.S. Treasuries. Not good, if you ask me.
When you add it all up, the case gold is stronger than ever before. So going forward, we could very well add even more gold LEAPS plays. But for today, let’s lock in some of our profits. And before you go, be sure to take advantage of our special “Year End” renewal offer — which expires THIS SATURDAY! If you have yet to take advantage of this offer, make sure that you do it now. Details below:
SPECIAL “END OF YEAR” RENEWAL
Your special “End of Year” renewal offer is about to expire. As a quick refresher, this renewal offer extends your LEAPS membership for 9 months at the lowest price in the history of Bottarelli Research LEAPS. Please don’t miss out. This special offer expires on Saturday, December 20th, so give yourself an early Christmas present and lock in this discounted membership offer now!
https://www.bottarelliresearch.com/renew/?service=leap&offer=150264F1RS
Sincerely,
© 2012 CSR Group, LLC. All rights reserved. Published in USA.
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