Tuesday, April 29, 2008

Head & Shoulders on Gold? Looks like it



With the dollar strengthening ahead of the fed meeting tomorrow and gold showing relative weakness (esp to oil), over the last few weeks, it looks like gold has a bit further to go on the downside.

How can you profit from this? Take a look at going long the DZZ (ultra short gold) or by shorting the miners (ETF: GDX, Miners: AEM, NEM, AUY, HMY, ABX, GOLD, RGLD, GFI, KGC, etc)

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