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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 680.44

+0.6%

Dec 19 4:00 PM EST

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To: DD™ who wrote (50455)	5/20/2013 7:43:31 AM
From: GROUND ZERO™	3 Recommendations Read Replies (1) of 220490

Excellent point on gold... now that the recent key lows may be take out, or tested, we could see a good rally in that market... to answer your question on trading vehicle, for my commodity account I trade the gold contract itself, and for my stock account I like to trade UGL which is a 2X leveraged ETF based on the bullion itself... to short gold in my stock account I trade GLL which is a 2X short gold bullion ETF... My model is currently short gold from 1601.90 on April 1st... and also short a second position from 1441.20 on May 13th... Here's something on these two ETF instruments with a link below... UGL The investment seeks to provide daily investment results (before fees and expenses) that correspond to twice (200%) the daily performance of gold bullion as measured by the U.S. Dollar p.m. fixing price for delivery in London. The fund invests principally in any one of or combinations of the financial instruments (swap agreement, futures contracts, forward contracts, option contracts) with respect to the applicable fund’s benchmark to the extent determined appropriate by the Sponsor. GLL The investment seeks to provide daily investment results (before fees and expenses) that correspond to twice (200%) the inverse (opposite) of the daily performance of gold bullion as measured by the U.S. Dollar p.m. fixing price for delivery in London. The fund invests in any one of or combinations of the financial instruments (swap agreement, futures contracts, forward contracts, option contracts) with respect to the applicable fund’s benchmark to the extent determined appropriate by the Sponsor. investing.money.msn.com GZ

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