Pocket pivots in real-time: GLD should have traded enough volume to qualify for a pocket pivot by the end of today's trading. DGP is the 2-times equivalent of GLD. You may want to initiate or add to your existing position.
Economies around the world are strengthening, euroland is becoming inert to the bankrupting PIIGS, and because of the bankrupt banks and the fear of a return to a financial fiasco, money printing should continue which will drive the prices of stocks and commodities/precious metals higher. Quantitative easing has been winning the bull/bear stock market war since March 2009, and despite bad news including the unrest in Libya, the unrest in Egypt, the disaster in Japan, earnings disappointment from a leading group namely the cloud computing stocks, the market has only had small corrections of less than 10% (excluding May 2010 when QE1 ended) then just marches higher.
We hold positions in DGP.
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