Wednesday, August 11, 2010 1:30:43 AM
I use DGP, which is “technical”, to monitor gold. But one can play GLD options or miners.
This morning DGP signaled a good opportunistic entry point …as cheap as one could buy it: the reversal UP was imminent after a confusing Fed report.
For the next few days, the US$ is the wild card. I think that gold will continue its re-monetization process, even if a worthless $ will go up for a while. DGP should move to the 33 area.
This morning DGP signaled a good opportunistic entry point …as cheap as one could buy it: the reversal UP was imminent after a confusing Fed report.
For the next few days, the US$ is the wild card. I think that gold will continue its re-monetization process, even if a worthless $ will go up for a while. DGP should move to the 33 area.
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