Smoking Securities

Half Baked High Finance

Doubling Up On Gold

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Deutsche Bank is offering leveraged and inverse Gold ETN’s DGP (+2x), DZZ (-2x), DGX (-1x). This is very exciting, but also quite scary. Looking at DB in the charts gives me little faith in the banks debt, but so long as the market believes in these awesome debt instruments, I will certainly go along for the ride. DGP is trading @ 25, so if gold moves to 2000, it should trade around 75.
Bond yields continue to move lower as BSV, TLT and TIP are trading at all time highs. Still no sign of a major financial collapse as bonds continue to offer safety.

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Written by chucklesamadeus

March 2, 2008 at 4:21 pm

Posted in BSV, DGP, TIP, TLT

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