Short Gold With DZZ

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October 14, 2008

Its going to be interesting to see what happens tomorrow, but the DZZ (inverse gold 2x) is showing a buy and everything gold is showing a sell here on my charts even though today most gold stocks are UP. I’m not going to participate in the trade since I’m committed already, but I like DZZ here for a few weeks as long as it can hold above its daily 21d ema.


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  • http://www.stockrake.com StockRake

    HMY is actually looking interesting, but ABX and KGC look like crap to me.

  • http://www.stockrake.com StockRake

    HMY is actually looking interesting, but ABX and KGC look like crap to me.