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Thursday, January 27, 2011

Trade... GLD

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.

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