Friday, August 24, 2007

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.

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