ETFs mentioned in this article include GLD, IAU, SLV, DGP, UGL, and AGQ. Gold fell $54 Thursday. Most gurus were expecting gold to go up due to increasing instability in Europe. Spain conducted a dreadful bond auction, in which it was forced to pay 6.975%, just shy of the 7%
Those who followed our tweet yesterday have a $18.00 profit on gold futures. As our long time readers know, we recommend $DGP for those not comfortable with futures. $DGP buy price should have been around $19.25. Take profits right here around $20.16. www.thearorareport.com THE ARORA REPORT, Ltd. HOME OF THE
Gold is approaching our target of $985. Consider sell on 70% of our DGP position. around $22.20 We scaled out of 10% position much earlier. This will leave us with 20% of the position . Consider a tight stop www.thearorareport.com THE ARORA REPORT, Ltd. HOME OF THE UNIQUE ZYX CHANGE
We scaled in UYG between $7.97 and $ 7.50. Our average is $ 7.66. At today’s close of $11.03, we are sitting on a gain of $45% in few short days. Our methodology requires scaling out of 50% of the position between here and $13.80. Based on your risk tolerance
Gold has been hit very hard due to funds liquidating their gold positions to meet margin calls. Technically oriented accounts have also been heavily selling gold as gold has failed to perform during the crises. India is the biggest consumer of gold for centuries old cultural reasons. We are detecting