Gold prices have had a phenomenal run over the past year, but the distinguishing feature of the market in recent weeks has been extreme volatility - volatility that has many investors nervous about protecting the big profits they've rolled up and looking for ways to hedge gold.
Now, we don't advise jumping off the gold bull's back just yet - especially since Money Morning's
leading gurus see a gold price climb to $5,000 possible over the long haul. But you may want to consider taking out a little short-term "insurance" on your precious metals profits.
In fact, we suggested readers do just that in the Aug. 22 issue of Money Morning Private Briefing
. We even went a step further and issued step-by-step instructions for a gold-hedging strategy.
Just two days later, on Aug. 24, gold suffered its third-worst down day in history, plunging 5.6%.
Readers who took our advice reaped windfall profits as a result. And now we're giving you the same opportunity.
We're back today with another strategy to help "insure" your gold profits.
The Secret Way to Hedge Gold
The only thing you need to do to hedge gold is follow this simple options strategy.
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