| For ALL Members:
Cancel and replace your protective sell stop in PowerShares DB Gold Double Long ETN, symbol DGP, at $30.67 and raise to $31.42, STOP. This order is good till cancelled. |
Issue #32
Dear Member,
Gold hit $1,407 in early morning Asian trade, but has since backed off and is now trading around the $1,395 level (6:25 am ET). We need to be wary of a possible high forming, especially with cycles continuing to show a move lower into September.
Therefore, it’s time to tighten up your stop. All members who are long shares in the PowerShares DB Gold Double Long ETN, symbol DGP, should act on the above recommendation.
Stay tuned!
Best,
Larry
