Nicholas Vardy
Markets Pause for Breath as Three Positions Hit Yearly Highs
Global markets had a solid week, as a number of your positions hit highs for the year on Tuesday, including the iShares MSCI Taiwan Index (EWT), Freeport-McMoRan Copper & Gold, Inc. (FCX) and Market Vectors Russia ETF (RSX).
Double Your Money in This Precious Metal’s Stealth Bull Market
Several of your current Global Bull Market Alert picks have been based on bull markets in commodities — including Uranium Energy Corporation (UEC) in uranium and Ivanhoe Mines (IVN) in copper. This week’s Global Bull Market Alert pick is based on yet another commodity, palladium, best played through Canadian miner, North American Palladium Ltd. (PAL).
Pausing for Breath after a Busy Week of Booking Double- and Triple-Digit Gains
It’s been an active and hugely profitable past week for your Global Bull Market Alert portfolio.
Booking 335% Gains on Your Options as “China’s Twitter” Soars — Bank of Ireland up 65% in a Week
Chinese Internet portal Sina.com (SINA) has done nothing but head straight up since I recommended it on Oct. 11.
Markets Bounce Sharply, Four Positions Hit Yearly Highs
Sentiment in global stock markets improved considerably over the past week, with most of your positions bouncing sharply. Although the MSCI Emerging Markets Index still is trading below where it was in early November, global markets seem to have emerged relatively well from their recent correction. In addition to what is generally a strong part of the year, the prospect of the extension of the Bush tax cuts for the next year means that the U.S. economy may grow and extra 0.5% to 1% in 2010, pushing markets higher.
Booking Triple-Digit Gains from the Mongolian Miracle!
With copper hitting record highs, your position in Mongolia-based Ivanhoe Mines Ltd. (IVN) is soaring. With your March $23 call options up 125%, sell one half of your remaining options to lock in these triple-digit gains.