Buying Gold On Pullbacks
Posted on September 23, 2008 at 11:20 AM EDT
I am currently holding a small gold position, via the PowerShares DB Gold Double Long ETN (DGP). The government’s actions are being perceived as highly inflationary. The evidence can already be witnessed by the drop in the dollar and the strength in commodities and currencies such as the yen and Swiss franc. Gold is overbought here, [...]
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