09-11-2011, 11:41 PM
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#1 (permalink)
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Quote:
Originally Posted by travisjb
cool... unless you are a hedge fund and move markets, you can never be "right" on a commodities position... just go
In the case of gold, it looks like a long-term bubble... I think there are a lot of scared people out there... sadly lemmings... any time I hear radio advertisements for old people to invest their money in a class of investment, I do the opposite...
And then you can simply look at a 7-year chart
I will ride DZZ down to 1,400-1,500 / oz... bought at 4/sh
Also, why worry about the volume on dzz? it correlates perfectly to gold spot, and the sponsor is solid
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Absolutely agree - not that worried about the volume on DZZ, the low volume just makes the bid/ask spreads wider than I'd like (vice shorting GLD). I know that spreads aren't much compared to a ride if gold hits $1500/oz; but it's easier to manage P&L in a volatile market if you've got a bunch of people in the game; I can't watch it as religiously as I'd like with the day job. 
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