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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: rubbersoul who wrote (88237)	6/24/2009 6:48:16 AM
From: stockycd	Read Replies (1) \| Respond to of 94695

It got sold against all other currencies big time. I got a feeling after todays fed statement, the next leg up in gold will start. It's only a feeling though. cd

To: rubbersoul who wrote (88237)	6/24/2009 6:57:49 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 94695

I bought it on the daily chart pattern, nothing else, I never pay attention to news reports, they only confuse me and cloud my thinking... the near term trend is obviously lower, but it came to a decent support level and had a reversal day... that along with the fact that all the major stock indices found support at their 50 exponential DMA, I would have to believe we'll see a rally of sort today in both stocks and gold... my model is still short, so I'm still short the SP's although I did lighten up and also went long some XLF, RSX, FXI, and BKF for some entertainment value... I also bought crude oil yesterday, I don't think that rally is over quite yet... GZ