Friday, July 15, 2011

GOLD RUSH! New trade-DGP

We are keeping the fear trade on- just moving to hard assets. We purchased a large position in Gold. We bought DGP at $51.88. DGP is an ETF that is 2X's leveraged the price movement of gold going higher. We switched because this will allow for the fears of the public to assist with demand because they can purchase this commodity. Obama speaks at 11am today about the debt ceiling. Our computers indicate Gold is breaking out and talk about switching to the gold standard may help a specutlative buying frenzy.

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