What is the minimum amount to set up an account with you?
You will need a minimum of US$10,000 for most managed FX accounts, except Managed FX Razor which has a minimum opening investment of US$2,000 or equivalent.
Rating: +0
What is the procedure to open a managed account with New Millennium Inc?
You set up your own brokerage account at your choice of brokers from around the world, then download a LPoA from our website which will act as advice to the broker that your intention is to have our Trading Director trade your funds for you. This LPoA allows Adam to trade your funds for profit, but he cannot withdraw your funds or control them for any other purpose. He does not have the authority or ability to be able to withdraw funds from your broker account. Here is the step-by-step procedure[?]
Rating: +0
What brokerage do you suggest I open a Managed FX Account with, and why?
We recommend the following three brokerages for the Managed FX Account options because they are highly reputable, plus they offer the required currency pairs and the MT4 Trading Platform:
MIGFX in Switzerland;
Alpari(UK) in the United Kingdom;
IBFX in the USA.
Rating: +0
Are there any extra costs involved with any Managed Account option?
There are software & setup costs of $100 for FX Miner, FX Hunter, and CarniFeX accounts. These fees are inclusive of life time hosting on our professionally maintained and supervised VPS.
Rating: +0
What is your management fee?
20% of profits only.
Rating: +0
How do you get paid?
We receive payment one of three ways:
Direct payment from your broker account into another separate broker account;
Payment from your bank account to our company bank account;
Via Paypal, levied monthly.
Rating: +0
What currencies can the trading account be held in?
Accounts can be held in a variety of currencies, typically, CHF, EUR, GBP, USD and JPY. If you choose, you can deposit in almost any currency and have that deposit converted and held in some other currency of your choice (at 1-2% cost).
Rating: +0
What's the difference between a Managed Account and a Managed Fund?
A Managed Account is your own brokerage account, in your name where you direct trading or assign to a third party power to trade only. A Managed Fund is where you invest into a fund structure, managed by third parties that assign a proportional interest in the assets of the fund, be it a brokerage account or other such interests.
Rating: +0
How do I track the progress of my account?
The brokerage you hold your account with supplies your account statement directly to your email as often as you specify. You can also view your account and watch your trades live in action 24/5, through the brokerage MT4 Trading Platform.
Rating: +0
I am a UK Citizen but non-resident, with my permanent residence in another country entirely, so currently not a UK tax payer. Which is the best brokerage to set up my account with?
You should seek the advice of an accountant or lawyer specialising in UK tax law.
Normally, however, no matter what country you are a citizen of, you will tend to open yourself up to greater tax liability on the profits of any onshore investment. That is, if you are a UK citizen, then opening a UK brokerage account may burden you with additional reporting and/or tax liability at some point.
It's all very sensitive to your own personal circumstances and plans though, which is why we recommend seeking professional advice.
1 - Notification of when your question has been answered. (Optional)
How long does is it take to read and implement the instructions contained in Gold Rush eBook?
For beginners it takes around an hour to read and implement the Gold Rush system initially. So you can literally be up and running in no time.
Rating: +0
How long each day would it take me to maintain my Gold Rush system account after I have followed the 4 simple steps?
At the most, an absolute maximum of 5 minutes a day. Often much less, considering you will have preset orders to buy gold and sell it when it reaches a certain price.
Our Trading Director created the system based on price action over the years, on simple money management, and on a fundamental bullish outlook. We have a live demo account that has been running as a hypothetical US$10,000 initial investment, the results of which are posted on our Self Traded Gold Account page.
We also have 14 month prior back test data available. Live trading of a manual variation including risk minimized short and long positions (which is applied to managed accounts) commenced in August 2008 and has achieved better than a 9% monthly return.
Backtested results from 2007 onwards can be obtained by way of a PDF report available as a link on our Self Managed Gold Account page.
Rating: +0
What degree of leverage is used?
Standard system parameters starts at roughly 1:1, and have historically increased in increments (not all at once) to as high as 5:1 prior to the 2008 meltdown. The live demo example account did get stretched to 6:1 during this time, which has included some of the toughest times for gold bulls, but survived and prospered as gold again rose into the US$900's.
Rating: +0
How many trades are placed per month on average?
Trading activity is very minimal, because there is a no stops policy, and because the nature of the Gold Rush system combines recent gold price action and a long term trading strategy with simple money management and a fundamental bullish outlook. An average of just over 1 trade per month is expected with the Self Managed Gold Account system.
Rating: +0
What is the stops policy if applicable, or in other words how much do I risk with each trade?
There is no stops policy. Instead, low leverage and sensible money management principles are overlaid on historical gold prices with generous margin to spare. In the worst case scenario, where you would receive a margin call (i.e. you lose your account), gold prices would need to immediately pull back 30% overall (e.g. from US$1000 to US$700) without any significant retracement, while you are taking no evasive action. Any US$50 rise in the gold price will increase the working balance on the account and thus enable it to withstand a greater pullback.
Rating: +0
What sort of intraday volatility have you experienced in percentage terms?
10% daily open position equity swings are not uncommon and are completely normal, because there is a no stops policy and due to the natural volatility of the gold price and the long term trading stategy of the Gold Rush system. During some of the most adverse recent times for gold bulls, gold's price pulled back from a high of US$1032/oz back to US$846/oz. The account drew down heavily on open positions (unrealized), and typically significantly less.
Rating: +0
What if I go away on holiday, is there an auto trade system that allows my account to be continuously traded so that I never miss an opportunity?
We are currently developing the auto trade software that will be available very shortly at a similar one off cost to the Gold Rush system. At that point you need never worry about missing a trade.
Rating: +0
I don't trust auto trade software, can I assign someone I trust the power to trade my account on my behalf?
You can assign authority to trade your account to a third party through what is known as a limited power of attorney. As the Gold Rush system is a proprietary method, only a trader endorsed by New Millennium Inc may utilize the system on a client's behalf.
Rating: +0
What makes you think your system will be successful where so many others have failed?
A typical MA employs a speculative technical based strategy, which begins to break down when markets change, become volatile or experience any of a number of market conditions. The Gold Rush system is based on a long term fundamentally bullish outlook on gold, and is easily able to deal with a variety of market conditions and cycles. Even in a ranging market, it consistently produces trading gains by buying and holding some positions, while selling others while the market is consolidating within an appropriate range. In fact a ranging market will do just fine even if gold never again reaches its high! That's just the nature of this system.
Rating: +0
What currencies can the trading be done in?
Accounts can be held in a variety of currencies, typically, CHF, EUR, GBP, USD and JPY. If you choose, you can deposit in almost any currency and have that deposit converted and held in some other currency of your choice (at 1-2% cost).
Rating: +0
Your system is based on a long term bullish view on gold. What do you consider to be long term? If for some reason gold is NOT bullish in the long term, will your system still produce good returns?
Long term here means years. So long as gold stays within US$300 (downside) from your initial entry and ranges or appreciates in price over time, the Gold Rush system will continue to produce good returns. If gold plummets more than US$300 or slowly declines over the longer term, then no, this is not the system to use. However, the demo account run has survived and made consistent balance gains from the slide from US$1032/oz to present day.
Rating: +0
Do you recommend one or several brokers? What countries are they based in, and do they accept residents worldwide?
Yes, we recommend four brokers:
ODL Securities in the UK;
Alpari in the UK;
MIGFX in Switzerland;
FXPro in Cyprus.
All four brokerages generally accept citizens from abroad, but some exceptions do exist. UK brokers do not accept citizens from USA or British Columbia.
Rating: +0
How long would you recommend trading in a demo account before trading live?
Demo trading timeframe is a personal choice, but the system is very simple, so we would say only a week is needed to get accustomed to the trading platform. Once you get your head around how it operates, a plethora of options will become available to you, which you may or may not elect to employ (but that is beyond what the Gold Rush system is all about).
1 - Notification of when your question has been answered. (Optional)
Managed Account FAQs
Rating: +0
What is the minimum amount to set up an account with you?
You will need a minimum of US$10,000 for most managed FX accounts, except
Managed FX Razor which has a minimum opening investment of US$2,000 or equivalent.
Rating: +0
What is the procedure to open a managed account with New Millennium Inc?
You set up your own brokerage account at your choice of brokers from around the world, then download a LPoA from our website which will act as advice to the broker that your intention is to have our Trading Director trade your funds for you. This LPoA allows Adam to trade your funds for profit, but he cannot withdraw your funds or control them for any other purpose. He does not have the authority or ability to be able to withdraw funds from your broker account. Here is the step-by-step procedure[?]
Rating: +0
What brokerage do you suggest I open a Managed FX Account with, and why?
We recommend the following three brokerages for the Managed FX Account options because they are highly reputable, plus they offer the required currency pairs and the MT4 Trading Platform:
Rating: +0
Are there any extra costs involved with any Managed Account option?
There are software & setup costs of $100 for
FX Miner, 
FX Hunter, and 
CarniFeX accounts. These fees are inclusive of life time hosting on our professionally maintained and supervised VPS.
Rating: +0
What is your management fee?
20% of profits only.
Rating: +0
How do you get paid?
We receive payment one of three ways:
Rating: +0
What currencies can the trading account be held in?
Accounts can be held in a variety of currencies, typically, CHF, EUR, GBP, USD and JPY. If you choose, you can deposit in almost any currency and have that deposit converted and held in some other currency of your choice (at 1-2% cost).
Rating: +0
What's the difference between a Managed Account and a Managed Fund?
A Managed Account is your own brokerage account, in your name where you direct trading or assign to a third party power to trade only. A Managed Fund is where you invest into a fund structure, managed by third parties that assign a proportional interest in the assets of the fund, be it a brokerage account or other such interests.
Rating: +0
How do I track the progress of my account?
The brokerage you hold your account with supplies your account statement directly to your email as often as you specify. You can also view your account and watch your trades live in action 24/5, through the brokerage MT4 Trading Platform.
Rating: +0
I am a UK Citizen but non-resident, with my permanent residence in another country entirely, so currently not a UK tax payer. Which is the best brokerage to set up my account with?
You should seek the advice of an accountant or lawyer specialising in UK tax law.
Normally, however, no matter what country you are a citizen of, you will tend to open yourself up to greater tax liability on the profits of any onshore investment. That is, if you are a UK citizen, then opening a UK brokerage account may burden you with additional reporting and/or tax liability at some point.
It's all very sensitive to your own personal circumstances and plans though, which is why we recommend seeking professional advice.
1 - Notification of when your question has been answered. (Optional)
Rating: +0
How long does is it take to read and implement the instructions contained in
Gold Rush eBook?
For beginners it takes around an hour to read and implement the Gold Rush system initially. So you can literally be up and running in no time.
Rating: +0
How long each day would it take me to maintain my
Gold Rush system account after I have followed the 4 simple steps?
At the most, an absolute maximum of 5 minutes a day. Often much less, considering you will have preset orders to buy gold and sell it when it reaches a certain price.
Rating: +0
What is the minimum amount required to run your Self Managed
Gold Rush system?
The minimum required with 0.1 lots is US$10,000 in a choice of currencies at Alpari UK, ODL Securities, MIGFX and FXPro.
With 0.01 lots, the minimum required is US$1,000.
Rating: +0
How long have
invested using the Gold Rush system?
Our Trading Director created the system based on price action over the years, on simple money management, and on a fundamental bullish outlook. We have a live demo account that has been running as a hypothetical US$10,000 initial investment, the results of which are posted on our Self Traded Gold Account page.
We also have 14 month prior back test data available. Live trading of a manual variation including risk minimized short and long positions (which is applied to managed accounts) commenced in August 2008 and has achieved better than a 9% monthly return.
Rating: +0
What are the historical results for the
Gold Rush System?
Backtested results from 2007 onwards can be obtained by way of a PDF report available as a link on our Self Managed Gold Account page.
Rating: +0
What degree of leverage is used?
Standard system parameters starts at roughly 1:1, and have historically increased in increments (not all at once) to as high as 5:1 prior to the 2008 meltdown. The live demo example account did get stretched to 6:1 during this time, which has included some of the toughest times for gold bulls, but survived and prospered as gold again rose into the US$900's.
Rating: +0
How many trades are placed per month on average?
Trading activity is very minimal, because there is a no stops policy, and because the nature of the
Gold Rush system combines recent gold price action and a long term trading strategy with simple money management and a fundamental bullish outlook. An average of just over 1 trade per month is expected with the Self Managed Gold Account system.
Rating: +0
What is the stops policy if applicable, or in other words how much do I risk with each trade?
There is no stops policy. Instead, low leverage and sensible money management principles are overlaid on historical gold prices with generous margin to spare. In the worst case scenario, where you would receive a margin call (i.e. you lose your account), gold prices would need to immediately pull back 30% overall (e.g. from US$1000 to US$700) without any significant retracement, while you are taking no evasive action. Any US$50 rise in the gold price will increase the working balance on the account and thus enable it to withstand a greater pullback.
Rating: +0
What sort of intraday volatility have you experienced in percentage terms?
10% daily open position equity swings are not uncommon and are completely normal, because there is a no stops policy and due to the natural volatility of the gold price and the long term trading stategy of the
Gold Rush system. During some of the most adverse recent times for gold bulls, gold's price pulled back from a high of US$1032/oz back to US$846/oz. The account drew down heavily on open positions (unrealized), and typically significantly less.
Rating: +0
What if I go away on holiday, is there an auto trade system that allows my account to be continuously traded so that I never miss an opportunity?
We are currently developing the auto trade software that will be available very shortly at a similar one off cost to the
Gold Rush system. At that point you need never worry about missing a trade.
Rating: +0
I don't trust auto trade software, can I assign someone I trust the power to trade my account on my behalf?
You can assign authority to trade your account to a third party through what is known as a limited power of attorney. As the
Gold Rush system is a proprietary method, only a trader endorsed by New Millennium Inc may utilize the system on a client's behalf.
Rating: +0
What makes you think your system will be successful where so many others have failed?
A typical MA employs a speculative technical based strategy, which begins to break down when markets change, become volatile or experience any of a number of market conditions. The
Gold Rush system is based on a long term fundamentally bullish outlook on gold, and is easily able to deal with a variety of market conditions and cycles. Even in a ranging market, it consistently produces trading gains by buying and holding some positions, while selling others while the market is consolidating within an appropriate range. In fact a ranging market will do just fine even if gold never again reaches its high! That's just the nature of this system.
Rating: +0
What currencies can the trading be done in?
Accounts can be held in a variety of currencies, typically, CHF, EUR, GBP, USD and JPY. If you choose, you can deposit in almost any currency and have that deposit converted and held in some other currency of your choice (at 1-2% cost).
Rating: +0
Your system is based on a long term bullish view on gold. What do you consider to be long term? If for some reason gold is NOT bullish in the long term, will your system still produce good returns?
Long term here means years. So long as gold stays within US$300 (downside) from your initial entry and ranges or appreciates in price over time, the
Gold Rush system will continue to produce good returns. If gold plummets more than US$300 or slowly declines over the longer term, then no, this is not the system to use. However, the demo account run has survived and made consistent balance gains from the slide from US$1032/oz to present day.
Rating: +0
Do you recommend one or several brokers? What countries are they based in, and do they accept residents worldwide?
Yes, we recommend four brokers:
All four brokerages generally accept citizens from abroad, but some exceptions do exist. UK brokers do not accept citizens from USA or British Columbia.
Rating: +0
How long would you recommend trading in a demo account before trading live?
Demo trading timeframe is a personal choice, but the system is very simple, so we would say only a week is needed to get accustomed to the trading platform. Once you get your head around how it operates, a plethora of options will become available to you, which you may or may not elect to employ (but that is beyond what the
Gold Rush system is all about).
1 - Notification of when your question has been answered. (Optional)