Here is a 2-month chart time frame for DGP. As you can see yesterday on the 29th DGP dropped below the lower Bollinger Band which may be a buying opportunity. The voloume on DGP has been avg. over the past month just indicating casual selling and buying in the ETF. If the FED lowers the interest rate Wednesday, Gold may again may see some action, however it seems most speculators have abandoned gold to make the faster and easier money in Oil and other commodity Futures trading. We will see what happens. I put my money that Gold will move higher tommorrow.
Wednesday, April 30, 2008
GOLD PLAY FOR FED DAY II
Labels:
Bollinger Band,
commodities,
DGP,
ETF,
GOLD ETF,
Interest rates,
Volume
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