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Potential Powershares DB Gold (DGL) Trade Has 4.39% Downside Protection

Jun 13, 2018 (Marketintelligencecenter.com via COMTEX) --

A covered call identified by MarketIntelligececenter.com's patented algorithm on Powershares DB Gold (<a href="http://www.marketintelligencecenter.com/symbol/DGL">DGL</a>) could yield about 2.22% (3.70% annualized, for comparison purposes only) in 219 days. Pair a long position in the stock with the Jan 18, 2019 $40 call for a net debit of about $39.13. This position also has 4.39% downside protection. Powershares DB Gold closed at $40.93 Jun 12, 2018. Technical indicators for DGL are bearish and support and resistance have been about $40.84 and $41.06, respectively.A

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