Issue #64
Dear Member,
| Recommendation: For every $25,000 in equity you are trading …Buy 100 shares of the PowerShares DB Gold Double Long ETN (DGP), at the market, to open. Then enter a protective order to sell 100 shares of DGP at $29.95 stop, GTC. |
Gold is creeping higher, after testing very short-term support this morning.
This is not yet the time to buy options, but I do recommend a small long position. For every $25,000 in equity you are trading, I recommend buying 100 shares of the DB Gold Double Long ETN, symbol DGP, immediately, at the market, placing the above protective stop as well.
Stay tuned and best wishes,
Larry
