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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: parker_meridian who wrote (52963)8/16/2001 1:54:04 PM
From: Vitalsigns  Read Replies (2) of 62347
 
US$ is oversold temporarily and should bounce, which will kill the current Gold stocks rally. Options Expiry is tomorrow so expect to see sloppy directionless trading until Monday and look for a tradeable low Monday or Tuesday next week . This should give us a bounce upwards lasting maybe a couple of weeks until end of August . Without any major news coming out after Tomorrow and the FOMC meeting Tuesday we should be clear until GDP revision on the 29th. Profit warnings begin again in mid Sept and I fully expect people to stand on the sidelines again as we pass through another season of missed forecasts.

So to recap, possible low Come Monday , Tuesday Next week , with possible high coming end of August. Watch the tape.
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