Will Gold reach $1000 ?
Gold nearly made the $1000 mark and I feel it is only a matter of time before we get there.However as we all know in the markets things never go up or down in a straight line.As ever I am always looking to bring you ways to trade that expand the options we have particularly in situations like just now where it may be prudent to step aside from the stock market and let it do its thing for a while. Gold is in the news as we have seen some spectacular moves -up and down.Now there is another ETN that allows you to be able to trade Gold long and short in your account and also with some leverage without having to resort to futures or futures options.
Deutsche Bank at the end of February listed the DB Gold Double Short ETN (DZZ), DB Gold Double Long ETN (DGP) and DB Gold Short ETN (DGZ) on the NYSE Arca.( DGP | ETNCenter.com ) For more information see the link this allows us to trade Gold in both directions and take advantage of the large movements that we will no doubt see on its way to $1000 any beyond. make no mistake I am a Gold bull but it would be nice to be able to make some money on the pullbacks as well.
Best Wishes
Alan
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