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Strategies & Market Trends : Longer-Term Market Trends
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From: ItsAllCyclical7/16/2008 10:54:47 AM
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I sold back out of my YEN purchase as I believe oil falling will help put a cushion back under the markets ST. Thus far gold not falling as much as oil, but if this continues gold has at least another $20-30 downside from today's levels min. I think it's more than likely a buying op, but at least till we get done w/earnings I doubt I'll go much above 25% PF. Too much risk w/higher costs being reported. My largest gold holding here doesn't have to worry about costs though so should be less impacted, but right now trading w/the sector.

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