Where are we now?

US$ is dropping again when it hit the resistance. We will see soon whethere it will broke down under 80.

Crude is still below the up trend. But it may or may not touch the support line at around $67 which depends on the hurricane category. Personally I wish it drop to that level so that I can pick up cheap.

Gold is well supported even the whole market was sell-off on August 16, including the gold stocks.

HUI was broke down technically. The sentiment is damaged. MACD of HUI:Gold seems to crossover positively. Watch the US$ closely for any clue.
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Another week after sell-off

August 16, last Thursday, the market was sell-off no matter what should be sold. People rushed to sell what they can to sell. It was not end of the world, but just a bloody lesson to learn in the risky market.

Gold is hold well this week when US$ seems to be under pressure again, especially FED might take whatever they have to keep the market alive, which means the interest rate may be cut sooner than later.

I would not sell anything I have, but look to buy.

LV is oversold now. the CEO of LV is buying last week, and buying a lot between 0.60-0.70. That's a promising sign.

NDM is stabilized at this level. Trader may not satisfied with their recent JV. But its massive reserve is definite a target of any major.

I feel much better now.

Everything has been marked down

Today, August 16, 2007, should be recorded in the history. TSX was dropped 500 points before bounce back, a bigger drop than in 911. Everything is marked down indiscriminated, including the best things you can own today in the market. It gives me a bloody lessen which is never learned and experienced.

The trades are forced to be investment, probably a long-term investment. It might take weeks or months to recover emotionally and physically.

Finally, my ultimate peace of mind doesn’t come from the price on a computer screen but knowing my Lord & Savior Jesus Christ is 100% in charge, especially now!

Gold is still on up trend

Crude is under pressure if there is no Katrina in gulf coast this summer. MACD is down and it expects support at $64-$66 range.

USD is bouncing back now. But it is still in the down trend.

Gold is supported on up trend. obviously we see high and high.

I am very disappointed with LV although there is no bad news at all for this company. Share price plunged again. I would not sell it at this level.

Friday I placed BUY order at $1.38 for GIX. Unfortunately it did not get through because it quickly bounced up to $1.58. It definately is a BUY below $1.40.

It looks like some fund managers do not like NDM because of the JV and it was not bought out. I believe the best yet to come.

House of Pain

It is house of pain when you seeing stock radar turns red. But I am not going to back off from Gold stocks. USD is just bouncing back a bit as expected. I am looking for adding more, such as FAN, GIX, and EDR, when they dip further.

Replace carpet with hardword floor

Finally I got one week vacation to do a home project, replacing carpet with hardwood floor. It should be done two months ago after I bought the hardwood floor. It is a tough job, my first do-it-myself home project in Canada. Thanks God for having Robin, Rocky and Barry to help me out in the first day. I strongly felt it was God's will to do this project myself, learn to do it right, enjoy the accomplishment and bring the glory to our Lord.