Gold $5,000?

Gold $5,000?

1:10pm (EST)

Folks, there is more action in our Members Area than a poker table on payday.

Trading is choppy today as the Dow has darted in and out of positive territory. We are currently at 10,437, down 34 points. The S&P 500 is at 1,107, down 2 points, but is holding 1,100.

We thought we had heard it all with the gold price targets but today an analyst came out and said “Gold $5,000”. We were just talking about this in the morning update and needless to say we are blown away.

In any event, it has helped Barrick Gold (ABX, $47.29, up $1.22) set another 52-week high today. Those December 45 calls (ABXLI, $3.10, up $0.90) we mentioned this morning opened at $2.58.

Another stock that is showing unbelievable strength is Amazon.com (AMZN, $141.05, up $2.55). The stock closed last Friday at $131 but we were hesitant to pull the trigger on an option trade because of the massive sell-off we got on Friday but the stock always seems to rally in the weeks leading up to Christmas.

We have a lot to talk about in our Members Area and we wanted to update the trades we sent out to our subscribers at high noon. If you are not yet a subscriber, we do hope you consider a subscription before we get filled.

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