PowerShares DB Gold Fund (DGL) 11/6/09 PriceWatch Alert Up To 9.07% Return

Posted: Friday, November 06, 2009 8:44 AM EDT

PowerShares DB Gold Fund (PCX: DGL) closed yesterday at $39.18. So far DGL has hit a 52-week low of $25.99 and 52-week high of $39.41. DGL has been showing support around 38.96 and resistance in the 39.34 range. Technical indicators are Bullish. DGL appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at an Apr '10 38 covered call (DGL DV) for a net debit in the $36.53 area. That is also the break even stock price for this trade. This covered call has a 162 day duration, provides 6.76% downside protection and a 4.02% assigned return rate for a 9.07% annualized return rate (comparison purposes only). [FBB-Seven Summits Research]

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