Similar to last week the shiny stuff is showing bullish signals on the charts. Gold and Siver are at, or just above their 50 day MA's. The dollar is also leveling off as money is leaving treasuries and entering equities. As you know my time frame is always short term, but these are a few names to watch this week.
Sunday, November 30, 2008
Gold, Silver and the Greenback
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About Me
- upsidetrader
- I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.
2 comments:
UUP has a support level at $26 that needs to be broken before a downtrend can start. http://twitpic.com/p21r
--snoopyjc
JOE
agree
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