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DSLV - Gold And Corn Retrace While Silver Gets Poorer
Credit Suisse AG
Firecrackers and bottle rockets aren't the only things exploding this summer. Gold and corn and have already put on a show. The yellow metal rose 13.5% a month and the yellow grain soared 38.5% in a little over a month, hitting our initial upside targets in the process. As we expected, both of these markets rose a little too far, a little too fast and are now in the midst of inevitable retracements.
RMB Group trading customers that followed our suggestion to exit their December $1,400/$1,450 bull spreads in gold and half of their December