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21-Nov-08
Gold again
I was stopped out of DZZ, my 2x bear market ETN on gold, and have now been stoppen into DGP, the 2x bull ETN. I have no idea whether this is the real thing, or just another head fake, but I notice we do have a fairly good range on the day, and have taken out the highs of the last few weeks. So far, I'm only puttig about 1/2% of the account at risk on this, but intend to take additional buy signals on the top 10 gold stocks, and silver. My initial stop on DGP is at 11.78, which corresponds to just under the recent lows on GLD.
Posted at 10:16 in Market Report | Permalink | Comments () | Top
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2 Comments on "Gold again"
but agriculture and other commodities are still dead in the water.
if this is a head fake its a very good one, i'll give 'em that.
I'm probably also gonna enter DGP but on the retracement back to mid-low 14's.
Posted on 21-Nov-08 14:18 by leo00o0
Posted on 21-Nov-08 19:15 by Don_Bartell
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