Sunday, August 12, 2007

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.

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