I entered an initial position in DGP (double long gold ETF) due to the technical set up.
I also have a limit order at 35.98 to enter a second position. (this is a continuation of the previous short GLD trade)
Keep in mind, this trade is only for the pop off of the weekly 32sma. If the support is broken, I will close the position. Also, I am not a fan of Gold as an investment. (I happen to like the world we live in, and want to see society flourish.) This is purely technical.
You're starting to scare me. ;-)ReplyDelete