Wednesday, April 6, 2011

$$ DGP Quadruple Top Breakout

DGP, one of the double gold ETFs, had a quadruple top breakout yesterday.  It currently trades at ~$44, and the new P&F price target is $59.  It could reach that level by the projected May-June top in gold.

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4 comments:

  1. GeoApril 6, 2011 at 11:29 AM

    Correct chart, but wrong ticker in title, if you meant to comment about DGP.

    ReplyDelete
  2. PositionSizingApril 6, 2011 at 11:47 AM

    LOL Senior moment

    ReplyDelete
  3. Gold_GerbApril 8, 2011 at 12:02 AM

    PS, how do you view monthly MFI's.
    highly unorthodox?
    http://i53.tinypic.com/2uhl1z7.png

    ReplyDelete
  4. speculaterusApril 12, 2011 at 7:22 PM

    Parker: Your daily gld MFI was more or less right on (1-day early). Thank you! Your weekly GLD MFI is indicating up through June. Where do you see the current GLD correction likely to bottom?

    ReplyDelete