Commodities Essential - September 28, 2011

Alert: commodities softening again today.

Let’s tighten our stop-loss on DZZ …

If gold keeps falling we’re in good shape. But I think there might be more needed out of the current corrective bounce in markets. Let’s tighten our stop-loss on DZZ (PowerShares DB Gold Double Short ETN) to lock in some more open gains in case gold does bounce higher.

Trade Essentials.

DZZ (Last price: $5.33)

CANCEL and REPLACE your order to SELL ALL your shares of PowerShares DB Gold Double Short ETN, symbol DZZ, at $4.90, STOP. New Price: $5.10, STOP; this order is good till cancelled.