Valutrader, on gold
$385 now as support, for the time being, yes....good close to the plus side for the HUI. I'm anticipating some wait and see activity under $390 until Greenspan and the FOCM get out of the way, then another push...Good we had a relatively quiet day today....let some of the indicators relax...
Good day for the portfolio...took some profits earlier as noted but added to relatively "safe" and less volitile GG at $15.68...Went out about 37% in miners with a little powder I'd commit to the reinstatement of partial GSS and EGO sales of today, both of which are a tad on the overbought side to say the least and in both cases we saw the green DMI tip over, today...indicative of a loss of momentum, though with as much as they have they could still rise....
HUI indicators in relax mode with price firm...this looks to have more on the upside....It remains all about the dollar. It breaks 90 and the HUI and Gold ramp....212 remains my critical pivot point to watch on any correction from here...
siliconinvestor.com
CRB continues its flirtation with January's highs, grains reversed stronger openings, some coming alive of the international foods, don't like the down tick in Gold's momentum indicator, energy, I think, we need along for the ride and it's not presently.
chartingyourfutures.com |
