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CEF Weekly Review: Aberdeen Indonesia FundJoe Eqcome • Mon, May 20 -
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CEF Weekly Review: Aberdeen Indonesia FundJoe Eqcome • Mon, May 20
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There are no Transcripts on DZZ.
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at MarketWatch.com (Aug 8, 2011)
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at MarketWatch.com (May 16, 2010)
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at MarketWatch.com (May 12, 2010)
DZZ vs. ETF Alternatives
DZZ Description
The PowerShares DB Gold ETNs provide investors with a cost-effective and convenient way to take a short or leveraged view on the performance of gold. All of the PowerShares DB Gold ETNs are based on a total return version of the Deutsche Bank Liquid Commodity Index-Optimum Yield Gold™.
See more details on sponsor's website
See more details on sponsor's website
Key Info
- In Your Portfolio: A Guide to Commodity ETFs and ETNs
- Asset Class Performance: Commodities
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Friday, May 24, 9:06 AM After spending years and billions eliminating their hedge books, gold producers (GDX) may need to return to their old habit - selling production forward - thanks to the metal's (GLD) sharp decline. "We think producers are under pressure to put on hedging," says SocGen's Robin Bhar. "The problem is it needs a cultural change ... Guys who used to hedge have lost their jobs." Renewed producer selling could put even more pressure on prices. 9 Comments [Commodities]
- Thursday, May 23, 11:55 AM "The Real Bubble is Gold: and It's Deflating," writes MKM's Mike Darda, who says the key turning point was the metal's (GLD. IAU) failure to rally in wake of last fall's QE∞ inception. "Investors simply took it at face value that gold was soaring and would continue to rise because of (the Fed)." Inflation picking up will be even worse for gold, he says, as this would make the Fed an aggressive tightener of policy. 21 Comments [Commodities]
- Wednesday, May 22, 2:17 PM Up as high as $1,413 following Bernanke's (at the time) perceived dovish testimony this morning, gold (GLD -0.9%) reverses along with stocks. Markets make opinions, and now the focus on Bernanke is he's prepping the markets for tapering. The just-released FOMC minutes push down gold even further, now at $1,357/oz. 9 Comments [Commodities, On the Move]
- Wednesday, May 22, 9:16 AM Outflows from gold ETPs of 10.27 metric tons YTD have surpassed the combined inflows of the previous 2 years, according to Bloomberg. One portfolio manager notes the outflows about equal the amount mined, meaning new supply has doubled this year. "The market has a lot of metal to absorb." GLD +1.3% premarket. 16 Comments [Commodities]
- Monday, May 20, 12:40 PM This just in. Precious metals (GLD +2.2%), (SLV +2.6%) are sharply higher on the session after a panicky Sunday evening plunge brought both to multi-year lows. Other than dollar weakness (UUP -0.5%) across the board, there's no news in particular - perhaps some satiated bears decided to cover and a trend took hold. 39 Comments [Commodities, On the Move]
- Monday, May 20, 7:07 AM Silver (SLV) plunged to its lowest level in nearly 3 years overnight before a bounce brought it to its current price of $21.60, -3.3%. As with gold, silver ETP holdings have dropped to the lowest levels this year, and speculative short positions are on the rise, according to CFTC data. Gold (GLD) took out its April lows earlier - dropping as low as $1,338. A bounce has brought the metal back to $1,351, -1%. 17 Comments [Commodities, On the Move]
- Friday, May 17, 3:55 PM The bear market in gold (GLD, IAU) has left three closed-end funds trading at abnormally large discounts to NAV, says Morningstar's Cara Esser: GTU, CEF, and PHYS. Likewise, a small selloff in municipal (MUB) paper has left these muni CEFs at attractive values: NXR, MYD, NXP. 2 Comments [Quick Ideas]
- Friday, May 17, 11:57 AM "Do you really think risk-averse central bankers are going to try and catch the knife," asks Credit Suisse commodity research chief Ric Deverell about gold. "No" is his answer as this crowd only buys when the price is headed higher. Of reports of heavy physical buying, he's unimpressed, noting investment demand (ETFs) is the gorilla in the gold market. The metal's (GLD -1.6%) within a few dollars of taking out the 26-month low hit in April. 17 Comments [Commodities]
- Thursday, May 16, 7:18 AM Precious metals continue to tumble, with gold at $1,374 nearing the panicky lows (about $1,350) seen during April's liquidation. Any excuse will do in a bear market, and filings released yesterday containing data anywhere from 6 weeks to 5 months old showed continuing sales of gold ETPs by names such as Soros and BlackRock. GLD -1.3%, SLV -1.3% premarket. 9 Comments [Commodities, On the Move]
- Wednesday, May 15, 11:16 AM Gold (GLD -2.1%), (IAU -2.2%) sinks back below $1,400 as the bounce since mid-April is officially over. At work here, suggests RBC Capital, is the strong stock market. To participate, foreign investors sell gold, buy dollars (UUP is up big in May), and call their stockbrokers. Commerzbank notes gold ETF outflows were another 6 tons yesterday, bringing the total since early April to 230 tons. Silver (SLV -3.1%) tags along. 34 Comments [Commodities, On the Move]
- Sunday, May 12, 5:21 PM Money managers yanked $1.27B out of gold and precious metals last week, bringing the year-to-date drawdown to $20.8B. The largest gold ETF (GLD) is down 13.8% YTD. It largest shareholder, John Paulson, remains bullish on gold; his Gold Fund is down almost 50% this year. (Gold ETFs: GLD, IAU, SGOL, PHYS, AGOL, DGL, UBG, DGP, UGL, DZZ, GLL, DGZ, UGLD, DGLD, GLDI) 7 Comments [Commodities]
- Friday, May 10, 7:33 AM The stronger dollar has precious metals resuming their decline in force (or is the decline in precious metals strengthening the dollar), with gold (GLD) off 2.3% and silver (SLV) off 2.2%. Crude oil (USO) pulls back a bit from its recent big rally, -0.9% to $95.53. 106 Comments [Commodities, On the Move]
- Tuesday, May 7, 11:39 AM The bounce in precious metals takes a breather, with gold (GLD) off 1.6% and silver (SLV) off 1.2%. It's more tough news for John Paulson after his gold fund reportedly lost 27% in April, bringing the YTD loss to about 47%. Add David Einhorn to those taking a hit: "We were somewhat surprised by the swift decline," he said on the GLRE earnings call (transcript), especially given the BOJ's joining in "the global monetary printing race." Einhorn sees nothing to change his long-term bullish stance. 9 Comments [Commodities, Financials]
- Friday, May 3, 9:56 AM Gold's (GLD) "short-term" tape is damaged, says Ned Davis Research, but the bullish long-term charts and the macro backdrop remain in place. Behind the recent pain is an upturn in real interest rates since the August 2011 gold peak, driven most recently by a "cliff-dive" in inflation expectations. 2 Comments [Commodities]
- Tuesday, April 30, 11:01 AM Australia's Perth Mint - which refines nearly all of that nation's gold bullion - has its factory working weekends to keep up with demand. "We haven't seen levels like this since (2008)," says sales chief Ron Currie. "We're being inundated with people buying products," he continues, noting U.S. orders are particularly heavy. GLD -0.25%. 11 Comments [Commodities]
- Monday, April 29, 3:33 PM Outflows from gold ETPs have hit a record 159 metric tons so far this month, bringing YTD outflows to 319mt or 12% of holdings at the year's start. As comparison, gold inflows for all of 2012 were 279mt. The largest of gold ETFs, State Street's (STT) SPDR Gold Trust (GLD) has seen outflows of 11% this month to 1,083mt. 21 Comments [Commodities]
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Justin M. Hall
2/29/12 9:55P ET: I'm also sticking with DTO, DZZ, and ZSL. These trades have more to go. Stay tuned. - View all 9 replies
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Justin M. Hall: My point: DTO could potentially trade in the $30's this year. Longer-term, I think oil prices could fall dramatically, starting in 2014.
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Justin M. Hall: While I am pro-Israel, I'm not convinced yet that they'll take action this year. Going forward, that's a risk to shorting oil via DTO.
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Justin M. Hall
2/27/12 7:36A ET: In conjunction with the short oil (DTO) theme, we're also initiating positions in DZZ & ZSL at the open. - View all 14 replies
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Alpha Prophets
Mentioning to a #gold bug that the yellow metal might drop a few dollars is like telling a #Catholic that there is no #God - $GLD $DZZ $ABX - View all 0 replies
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eureka-perspectives
I still like DZZ / TNA relationship, dollar value 2:1 towards short gold. look for 1266 an ounce level on gold to be tested by 12/31/11. - View all 2 replies
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eureka-perspectives: sometime down the road,. Gold wll be the leader in the austerity race
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eureka-perspectives
I meant to say gold has made it's rebound high, buy DZZ, price was 4.23 at that time. 14:24 CST - View all 0 replies
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eureka-perspectives
I like a contrarian mix of short gold, short tech, long financials. ETF's XLF, DZZ, and SSG get the job done - View all 1 replies
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eureka-perspectives: Watch the ratio GLD / XLF,GLD topped on 8/22/11, on 10/25/11 moving ave crossed to XLF with better financial stability, less need for gold.
LATEST REPLIES
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Justin M. Hall
2/29/12 9:55P ET: I'm also sticking with DTO, DZZ, and ZSL. These trades have more to go. Stay tuned. - View all 9 replies
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Justin M. Hall: My point: DTO could potentially trade in the $30's this year. Longer-term, I think oil prices could fall dramatically, starting in 2014.
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Justin M. Hall: While I am pro-Israel, I'm not convinced yet that they'll take action this year. Going forward, that's a risk to shorting oil via DTO.
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Justin M. Hall
2/27/12 7:36A ET: In conjunction with the short oil (DTO) theme, we're also initiating positions in DZZ & ZSL at the open. - View all 14 replies
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eureka-perspectives
I still like DZZ / TNA relationship, dollar value 2:1 towards short gold. look for 1266 an ounce level on gold to be tested by 12/31/11. - View all 2 replies
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eureka-perspectives: sometime down the road,. Gold wll be the leader in the austerity race
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eureka-perspectives
I like a contrarian mix of short gold, short tech, long financials. ETF's XLF, DZZ, and SSG get the job done - View all 1 replies
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- View all 1 replies
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eureka-perspectives: Watch the ratio GLD / XLF,GLD topped on 8/22/11, on 10/25/11 moving ave crossed to XLF with better financial stability, less need for gold.
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- View all 1 replies
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inquisitivemind7: careful, we are seeing a oversold condition with gold and we are due for a big rebound soon before heading lower.
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Nigam Arora
Gold And Silver: A Simple Tool All Investors Should (DZZ) (GDX) (GLD) (GLL) (SLV) http://bit.ly/qgRBqi http://bit.ly/e4IPcU/ - View all 2 replies
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Nigam Arora: Hello, Of course, our alert services have made lot of money on ZSL. http://bit.ly/nAah5z Nigam
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golfitobob
GUYS, Well, SLV or GLD... Paper PMs . This is the hold your nose an buy day. Ya made a bunch short with ZSl an DZZ. Take it an go long ? gb - View all 3 replies
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golfitobob: I thought I was good selling ZSL near 15 ! Smart me ! NOT It hit 20+a day later.The group missed my stock talk an are selling today.idiot me