POWERSHS DB MULTI SECT COMM (DGL)
Closed-end fund
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gold is a joke
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DGL the Proshares double Gold ETF is just such a technical play. Gold has been rising and this ETF gives you leverage.
Right now DGL is within .33% of its recent high and has seen 4 new highs in the last 5 days and 6 new highs in the last 20. It's had an 18.41% price appreciation in the last 65 days.
BarChart's technical analysis indicators have a buy signal on 13 out of 13 indicators for a 100% buy signal. Over on Motely Fool the CAPS rating by their readers is 105 to 10 in favor of a further price increase.
Recommendation: If you think gold will go up and the dollar will continue to weaken then DGL the Proshres double Gold ETF is a buy at 40 with a protective stop loss no higher than 37.
Jim Van Meerten is an investor who writes on financial matters here and on Financial Tides. Please leave a comment below or email FinancialTides@gmail.com
Disclosure: I hold no positions in DGL at the time of this publication
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Hello USD, bye bye GLD.
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Long Gold ETF
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Backed in to score leader and re upped.
All the economic stimulus and bailout money that's being thrown around is very likely to cause inflation. This ETF tracks the price of gold very well, charting it against GLD shows excellent correlation.
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We will see a precious metals explosion in the near future.
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Look at this from an economic standpoint. Forgiving debt is equivilent to printing money. Basic economic theory states that a dillution of the money supply will cause inflation. A depreciation of the dollar will erode its purchasing power. The opportunity cost of holding dollars will cause a move of capital to either, alternative currencies, commodities(gold) or any other securities. Look for an increase in fixed income investments, foreign AAA rated seured bonds( I like swiss) and somewhat safe material assests. I also like energey as a sector during recession.Does the empire built by the getty familly ring a bell. Cash is king now and those with the money to buy assests will stand to make a great some of money in the future. Those who are in denial should enroll in a few price theory econ classes.
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Nobody actually NEEDS lots of gold for everyday life
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Gold and silver are beginning to turn back aroung and go higher. Many speculators are claiming that there is a commodity bubble". I don't think so. If you look at the fundamental reason behind the last 6 months rise in precious metals, you have to ask yourself....has anything changed? I don't think so. The Fed continues to pump liquidity into the market, the interest rate continues to decline, inflation continues to increase and the dollar continues to fall. That being said....if due to demand decreases oil drops sharply from here...there is a possibility that precious metals will follow. Precious metals will experience quite a bit of volatility and the gyrations may be tough to handle but I think due to the fundamentals that I mentioned above that a year from now precious metals will be much higher.
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it has been an even keel on a daily basis and has done very well in the past year or so.
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still gotta love minerals
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Just gold futures
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Gold's price should increase due to a declining dollar. Most of the major stocks will soon go down, especially with the baby boomers starting to retire shortly, allowing the miners to beat the S&P 500.

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