I know the gold and oil play is over and has been for quite a few weeks maybe even months now, but I think Oil on the short term basis is over sold, im still waiting for oil to break $100, I think when it does it should settle around 70-80 a barrel. On the other hand I think in the short term oil is quite oversold according. I see a bounce back to the 105-110 range.
I would recommend DXO between $13.50 and $14.00, todays close was $13.91.
As for gold im getting quite bullish on it too, a couple of reasons, I see a pull back in the dollar that has gone up a little to far to fast and I see a possible rate cut or more talk about a rate cut out of the federal reserve that will push gold higher, most likely back to $800-850 range sometime over the next few weeks.
I would recommend DGP between $13.50 and $14.00, todays close was $14.08.
Price targets: 1-3 months
DXO $15-$16 10-15% return
DGP $17-18 20-30% return
These 2 I mentioned are Ultra bullish that move 2X what oil or gold do. If you want to buy oil or gold with a regular ETF I would recommend GLD, IAU, OIL, or USO.
I would recommend DXO between $13.50 and $14.00, todays close was $13.91.
As for gold im getting quite bullish on it too, a couple of reasons, I see a pull back in the dollar that has gone up a little to far to fast and I see a possible rate cut or more talk about a rate cut out of the federal reserve that will push gold higher, most likely back to $800-850 range sometime over the next few weeks.
I would recommend DGP between $13.50 and $14.00, todays close was $14.08.
Price targets: 1-3 months
DXO $15-$16 10-15% return
DGP $17-18 20-30% return
These 2 I mentioned are Ultra bullish that move 2X what oil or gold do. If you want to buy oil or gold with a regular ETF I would recommend GLD, IAU, OIL, or USO.
