On Saturday, May 23rd I published a Guest Blog from an anonymous long time colleague who wrote as a known member of the Priory of Sion. Among other things, his post recommended going long Platinum.
By the way, this may have been my most controversial post, getting 37 responses ( the most any single post has ever gotten on this blog) with most of the comments ridiculing me, this friend and his organization.
Here is a 60-minute chart of Platinum since the posting of that blog:
Below a 60-minute chart of SWC, my recommended Platinum stock:
Since I don't trade Platinum, earlier today I asked the same individual for an analysis of Platinum's performance in terms of returns in the two trading weeks since that post.
Here is his response:
"Post went up on May 23 but could not be traded until May 25, Platinum was trading at about 1175 for the metal. It closed today at 1293.So Platinum futures rose 73% in ten trading days and my Platinum stock pick, SWC, the largest US Platinum producer of Platinum rose from $6.00 to $7.60, for a gain of about 26%. The $5 SWC June calls rose by about 150%.
"Each future or option is for 50 troy ounces.
"Average initial margin is $8,100/contract (Source MFA Global)
"Each full point represents $50.00 in gains, thus 1293-1175= 118 points * 50= $5,900 in profits since may 25 or 73%+ in 10 trading days or 7.3% per day or about $590/day."
The question I put to you readers is as follows:
Would you like me to solicit another "Guest Blog" and new recommendation from this individual and his group?