Good Hedge-Stock On Set.

[soi41]

Like anyone else trading in stocks anywhere at the moment, it is a little nervous at the moment. Even if I have to admit volatile markets like the last couple of days are a dream for a daytrader like myself. But to the point : Since yesterday DLG are trading on SET, trading like a normal stock, but in reality it is a gold-fund with 80% invested in SPDR gold shares (100% security in psysical gold). 20% is psysical gold in Hua Seng Heng, who is the marketmaker and the biggest goldtrader in Thailand. Today GDL traded between 2.56 and 2.86, closing Monday 2.43. As the managment of the stock/fund is passive, the price will follow the goldprice, meaning if the market crashes normally the goldprice/GLD will go the other way. In other words a good stock for hedging.

I saw I made a few mistakes above. Name of the stock is GLD and nothing else !!

Good luck !!