Alert: playing for a bounce.

Let's add AGQ and DGP.

In today's regular issue of Commodities Essential discussed my expectations for a playable rally over the next two weeks or so. I recommend playing it by targeting precious metals.

Trade Essentials.

Here is what I suggest you consider doing now:

AGQ (Last price: $41.32)

Buy shares of ProShares Ultra Silver ETF, symbol AGQ, at the market. Then place an order to SELL ALL your shares of ProShares Ultra Silver ETF, symbol AGQ, at $39.69, STOP; this order is good till cancelled.

DGP (Last price: $48.01)

Buy shares of PowerShares DB Gold Double Long , symbol DGP, at the market. Then place an order to SELL ALL your shares of PowerShares DB Gold Double Short Fund, symbol DGP, at $46.69, STOP; this order is good till cancelled.

Note: I am recommending tight stop-losses as I expect these moves to happen very soon if not immediately.