Tuesday, November 16, 2010

GLD, DBC shorts covered at target





Gold and commodities (discussed previously) have corrected and shorts were covered today. I had also gotten short silver with the ETF ZSL. Now I'm flat on precious metals. At the close today, with the market oversold on short term indicators, I opened small long positions on CAT and PBR.

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  1. Gold has a long way to go from here.

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