The Quest portfolio is now up 670%.
We still have a long way to go, but at least we are making progress in the right direction. 🙂
Smart Money Tracker
The Quest portfolio is now up 670%.
We still have a long way to go, but at least we are making progress in the right direction. 🙂
OK, I’ll bite. What is a Quest portfolio?
My Scott Trade account wasn’t set up for the Quest Portfolio when Gary opened it up, if it was I’d be in it smiling along with the rest of the gang. But, I’m still quite happy with my current GDX miner positions right now. I don’t know if Gary may consider starting another Quest this year for those that didn’t get in or not.
There is a lot of info on Gary’s Premium side of Smart Money Tracker…getting ready to get off my vacation break and cross back over there very soon.
He must be playing Options to get those types of returns … cash-on-cash return in stocks haven’t been able to generate those types of returns yet.
Yes we are trading options.
What a surprise…the gold bugs have been saying this for years but everyone just calls them crazy lunatics. They can only manipulate data for only so long but can’t pretend job losses to real people don’t exist. The rip your face of employment picture the government has been shoving down our throats for two years is about to blow up in their face as thousands start losing their jobs.
The number of Americans filing for unemployment benefits rose more than expected last week, suggesting some loss of momentum in the labor market amid a sharp economic slowdown and stock market selloff.
Signs of creeping employment weakness were also flagged by another report on Thursday showing a 218 percent jump in announced job cuts by U.S.-based employers in January. The planned layoffs were concentrated in the energy and retail sectors.
“The future is somewhat darker … the labor market may be past its peak for this cycle. It looks like the labor market has scaled back its rapid advance last month,” said Chris Rupkey, chief economist at MUFG Union Bank in New York.
Initial claims for state unemployment benefits increased 8,000 to a seasonally adjusted 285,000 for the week ended Jan. 30, the Labor Department said. Claims remained below 300,000, a level associated with strong labor market conditions, for a 48th straight week – that is the longest run since the early 1970s.
The four-week moving average of claims, considered a better measure of labor market trends as it irons out week-to-week volatility, rose 2,000 to 284,750 last week. Economists had forecast claims rising to 280,000 in the latest week.
The rise in layoffs came amid a slowdown in economic growth. The economy grew at only a 0.7 percent annual pace in the fourth quarter, held back by the headwinds of a strong dollar and faltering global demand.
Gary,
can you please explain yr quest portfolio to us..?
do you have a say… 6 yr record…..in gains & losses..??
thanks
Quest was Gary’s all or nothing subscription service. Don’t get any wild ideas because most lost everything. Gary did warn everyone that you shouldn’t put more than $1k into it and the goal was to turn $1k into $100k. Obviously it’s trading options to achieve those kind of returns. Perhaps now if gold has indeed bottomed, those subscribing now will see much better returns than those that subscribed a year ago to Quest who lost it all. Again it’s designed for those willing to blow play money with the understanding that you can lose it all.
I’m sure there were some who actually wound up achieving a $100K options account….the only problem is they started with $1 million! 🙂
A,
Exactly. We don’t play with real money. We start with $1000 so no one can take a huge loss if we go bust. If we accomplish the goal then big money will be made with little risk. So we can afford to go bust several times while we try to hit a big winning streak.
Quest was a service for big boys who weren’t going to cry over spilled milk.
USD at .618% retracement. May pause here. Gold may pause too. Mining stocks showed some churning last night. Lets see.