PPR - GLD
Pocket pivots in real-time: GLD should have traded enough volume to qualify for a pocket pivot by the end of today's trading. DGP is the 2-times equivalent of GLD. You may want to initiate or add to your existing position.
Economies around the world are strengthening, euroland is becoming inert to the bankrupting PIIGS, and because of the bankrupt banks and the fear of a return to a financial fiasco, money printing should continue which will drive the prices of stocks and commodities/precious metals higher. Quantitative easing has been winning the bull/bear stock market war since March 2009, and despite bad news including the unrest in Libya, the unrest in Egypt, the disaster in Japan, earnings disappointment from a leading group namely the cloud computing stocks, the market has only had small corrections of less than 10% (excluding May 2010 when QE1 ended) then just marches higher.
We hold positions in DGP.
This information is provided by Virtue of Selfish Investing, LLC (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing, LLC. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2016 Virtue of Selfish Investing, LLC. All rights reserved.