Gold and Energy Options Trader Recommends Taking MORE Profits

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The Gold and Energy Options Trader takes another profit of 36% by closing a PUT postion in Silver Trust iShares that it recommended on May 13.

The Gold and Energy Options Trader (http://www.GoldandEnergyOptionsTrader.com) announces it closed a PUT position in Silver Trust iShares (SLV) it had recommend on May 13, 2010, just three trading days before it bought the June 20 Put in SLV (SLV100619P00020000) for $1.31. It recommended closing the trade with the PUT options trading for $1.78. The gain is $0.47 or 36%.

"We recommended taking the profit and locking in the gain here because we think the Euro, with its continued free fall, is setting up for a significant bounce. This will cause the dollar to fall, while gold and silver jump," said James DiGeorgia, editor and publisher of the Gold and Energy Options Trader.

"Our cumulative track record is a matter of public record and free for examination by anyone considering subscribing to this wonderful options advisory service. So far in 2010, our recommendations are up up 477.81%, with 19 winning recommendations and only one losing trade," DiGeorgia said. "The volatility is giving options traders a lot to work with and is helping us generate a nice steady stream of profitable recommendations."

About The Gold and Energy Options Trader
The Gold and Energy Advisor is a online options advisory service that specializes in precious metals and energy related options trading. The service delivers recommendations via its website and email alerts. *All performance results are hypothetical and investors are urged to read the publication's risk disclosure statement. The Gold and Energy Options Trader is edited by James DiGeorgia, who has extensive experience in precious metals and the energy markets, and is considered one of the world's foremost authorities in both areas. A 30 day free risk free trial is available online for just $1, and then becomes a monthly, quarterly or yearly subscription price. Visit http://www.goldandenergyoptionstrader.com/page/geo/

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