In our daily screens of stock charts exhibiting positive and negative MACD crossovers, The Correct Call recognized a trend too large to ignore. Our heads turned we saw at least 25% of the upside candidates were Gold/Silver stocks and ETFs . As we have noted many times before, we are big believers in confirmation. When we see a disproportionate number of companies in the same sector all presenting the same “buy signal”, we feel it's safe to say something is happening.
More aggressive investors might consider owning DB Gold Double Long ETN (DGP) . DGP’s objective is to give its owners twice the return of Gold’s price changes. That means if Gold moves up 5%, investors can expect see a return of 10%.
$21.79 (06/19/08)
