Steve Sjuggerud (The Right Side):

Dear Reader,

“We made three thousand dollars just yesterday in gold,” a family member told me this week.

“I know your friend Porter says buy. And I haven’t heard you tell anyone to sell. But it’s starting to feel like the dot-com days… I’m getting worried.”

This family member should have reason to be concerned… Yes, he scored big in the dot-com boom – at first. But he later gave back much of the gains.

What did he do wrong? He had no plan. He didn’t know when to sell.

So… when do you sell once you’re in a dot-com-style bubble?

First off, while it may feel like a bubble to you in gold, I think we’re just getting warmed up. The dot-com bubble peaked in March 2003. Remember, at that point, stock trading was the talk of dinner parties. We’re not quite there yet.

Also, you don’t need to believe Armageddon is near… that deficits and debt will destroy America… to believe gold will go up. Beyond the Chicken Little scenarios, we have plenty of reasons to own gold that have proven to make you money in the past. I’ve covered a few of those in recent issues of DailyWealth:

· You’d have made 17% a year in gold using a modified version of my friend Meb’s system.

· You’d have made 15% a year in gold using the “gold versus currencies” strategy.

· You’d have made 18% a year in gold using real interest rates as an indicator.

If you own gold when at least one of these systems says “buy,” chances are, you’ll do very well. All three of those are in “buy” mode right now.

OK, so when is the exact, optimal moment to sell your gold? The first two systems will get you out in plenty of time before it busts. Another idea is to use a trailing stop.

Click here for the rest of Mr. Sjuggerud’s analysis for The Right Side at Fleet Street Invest, UK.

According to the site, “gold for June delivery tumbled $41.80, or 4.5%, to $879.70 an ounce on the New York Mercantile Exchange. Other metals futures were also sharply lower, with platinum selling off 7%.”

Read on at MarketWatch.com

The greenback has climbed higher against the euro today on fears that the economic woes in the US will go global.

Despite today’s sell-off, commodities expert Frank Holmes expects copper – which has gained 400% in the past five years and now sells for $3.75 per pound – to hit $8 to $10 in the coming years.

To find out more, click here.