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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?


To: Louis V. Lambrecht who wrote (14129)7/15/2003 7:19:21 PM
From: Canuck Dave  Read Replies (1) | Respond to of 39344
 
Another short squeeze tomorrow? INTC running after hours.

Futures up strongly, too. Never has 14 cents of income gone so far.

CD



To: Louis V. Lambrecht who wrote (14129)7/16/2003 3:47:33 AM
From: crustyoldprospector  Read Replies (2) | Respond to of 39344
 
Saw that QQQ max pain Mon night. The 32 puts might still be worth a punt with some lunch money this morning, but the difference is too small for me to risk it. However, if by EOD the Nasdaq isn't flying on this Intel report, then there could be some serious downdraft on Thur and Fri.

Dollar looks headed to 98.2 or so. Gap to fill at 98, 62% retracement of exact move 102-92, 78% retracement of general move 100-92. So, some more down for gold, and more shake-out in the shares coming. Maybe XAU goes to 78, but I don't see anything worse than that.