As for us, we entered the gold market long ago and our positions remain solidly profitable. That's the benefit of using pro strategies to build wealth while mitigating risk and providing a valuable downside cushion.
So what's my outlook for gold? In short, I think we're in a bull market and I wouldn't be surprised one bit to see prices shoot much higher at some point in 2010.
That said, if we get another pullback, that will probably mean we'll be sitting on a profit from our puts and will likely take those profits and go forward with a long position.
[ Editor's Note : Xcelerated Profits Report is published by Mt. Vernon Research, which also publishes the Investment U newsletter. For more information on Mt. Vernon and its publications, please click here.]
News and Related Story Links:
Money Morning Special Report:
The "Golden Staircase" Points to Record Prices for Gold
Money Morning “Outlook 2010” Economic Forecast Series:
Why Gold Will Reach a Record $2,000 in 2010