Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
Back in January this year, in an article named, “FxWirePro: Buy DAX, sell 10-year bund”, available at http://www.econotimes.com/FxWirePro-Buy-DAX-sell-10-year-bund-470271 we at FxWirePro recommended buying the German benchmark index DAX at the then current rate of 11600, while maintaining short positions in German 10-year bund as we anticipated that DAX remains undervalued when compared to the North American benchmark S&P 500, despite Germany’s strong economic performance, and the bund would suffer from ECB’s gradual tapering and higher inflation.
In a subsequent call review in May, named, “FxWirePro call review: Keep bund short, keep DAX long for another 1000 points” available at http://www.econotimes.com/FxWirePro-call-review-Keep-bund-short-keep-DAX-long-for-another-1000-points-683779 we extended that target for DAX by 1000 points from the then current rate of 12600.
In our subsequent review on October 20th, in an article named, “FxWirePro Call Review: DAX target extended from 13600 to 14100”, available at https://www.econotimes.com/FxWirePro-Call-Review-DAX-target-extended-from-13600-to-14100-962075 , we extended our bullish target further.
The call has been very profitable so far. While the bund hasn’t returned as expected (we are still holding onto shorts), the German benchmark has returned handsomely. Since the call initiation in January 2017, it has returned 16.9 percent and we expect it to provide further.
We believe that DAX is still quite undervalued compared to S&P500 (taking into account the U.S. tax reforms). Hence in this piece, we would like to extend the target for DAX from 14100 to 14700. Note, that returned would be higher for foreign investors if the euro’s strength is taken into account.
