Category: DGP

State Of The Market

Even with today’s negative action, my indicator was positive. We’re at the levels that preceded the last down leg. Will it be different this time? Short treasuries and short gold is breaking down, so people are still shunning risk. The yield on the 30 year looks ready to make new lows. I’ve been too busy…

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December 9, 2008 December 9, 2008 By charlie In , , , , , Comments Off on State Of The Market

Doubling Up On Gold

Deutsche Bank is offering leveraged and inverse Gold ETN’s DGP (+2x), DZZ (-2x), DGX (-1x). This is very exciting, but also quite scary. Looking at DB in the charts gives me little faith in the banks debt, but so long as the market believes in these awesome debt instruments, I will certainly go along for…

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March 2, 2008 March 2, 2008 By charlie In , , , Comments Off on Doubling Up On Gold