Our programmed Cotton position earned 11.1% over a 66-day holding period, and was stopped out today. It was the only down position on the day; the rest of the positions were up. The big winner on the day was silver, up 1.64%, followed by gold, up .88%. This means that our 26/26 gold system will most likely end up 27/27! As I had said before, there are no guarantees, but nonetheless, this is encouraging. Note that the new Gold stop is now higher than the entry price.
Also, if you had followed the original Gold ETF signal, you are in a much better position than the current signal. For BLOG-tracking performance purposes I closed out the former gold ETF position at today's opening price; and, I opened the new ETF position at today's opening price. Therefore, the return for the BLOG gold signals for ETFs will be preserved, but we will track only the latest signal as an open position
There are no new signals for Monday.
The open positions for Portfolio 1 are shown below:
Open Positions Symbol Entry Stop Close Profit Days
Long Russell TFM10 608.50 660.70 701.80 $9,330 54
Long Russell IWM 61.66 66.14 70.25 13.9% 54
Long Platinum PLJ10 1534.90 1623.80 1722.10 $9,360 45
Long Copper HGK10 341.15 353.15 359.00 $4,463 13
Long Copper JJC 47.49 48.05 48.85 2.9% 13
Long Aussie ADM10 90.90 91.16 92.73 $1,830 12
Long Aussie FXA 92.24 91.83 93.41 1.3% 12
The statistics for the closed out Cotton position are as follows:
Closed Positions Symbol Entry Out Profit Days In Out
Long Cotton CTK10 70.34 78.40 $4,030 66 2/4/10 4/10/10
Long Cotton BAL 34.02 37.81 11.1% 66 2/4/10 4/10/10
Our open positions for Portfolio 2 are as follows:
Open Positions Symbol Entry Stop Close Profit Days
Long British BPM10 149.75 150.06 153.74 $2,494 12
Long British FXB 150.46 149.58 153.25 1.9% 12
Long Silver SIK10 18.10 17.15 18.40 $1,525 5
Long Silver SLV 17.69 16.78 18.01 1.8% 5
Long Gold GCM10 1151.80 1155.30 1161.90 630.00 4
Long Gold GLD 112.47 112.99 113.64 1.0% 4
I wish everyone a nice weekend. See you next week!
If you wish to be notified of new posts, let me know at bassanalytics@live.com. I will send you an email every time there is a new post.
Any views expressed herein are provided for informational purposes only and should not be construed in any way as an offer, an endorsement, or inducement to invest.
The quotes and symbols used in the BLOG are believed to be reliable, but no guarantees are made with regard to the accuracy.
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