Safehaven | Interesting Week For Gold | Printer Friendly Version

August 02, 2009

Interesting Week For Gold
by Bill West

8/2/2009 2:09:51 PM

Hello Everybody

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Trade Actions:

Buy INP (India) @ 50 or better
Buy JJC (Copper) @ 33 or Better

Market Outlook/Potential Opportunities:

Interesting week for GLD. It appears for a day that the bullish theme was over then came roaring back in a course of an hour. These and the fact that the weekly and monthly chart was saying that could happen, now makes for a very bullish case. The stock market is overbought but projections are still for an SP of 1060. Once again I will send out some more recommendations during the week if situations warrant it.

Current Long Portfolio:

Long GAZ Natural Gas @ 45	It closed at 15.3
Sell Stop @ 14
Long USO (Oil) @ 32	It closed at 36.8
Sell Stop @ 31.5
Long GLD (Gold) @ 88	It closed at 93.3
Sell Stop @ 88
Long GLD (Gold) @ 90.1	It closed at 93.3
Sell Stop @ 88
Bought ITA (Aerospace) @ 41	It closed at 42
Buy NLR (Nuclear Energy) @ 23.4	It closed at 22.8

Current Short Portfolio:

Short RJA (Agriculture) @ 7.1 It closed at 7.3

None

Recently Closed Positions

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Thank You

If you want to contact me send me an e mail bill@stockbarometer.com.

Bill West
Fat Pitch ETF Advisory

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