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Interesting Week For Gold

8/2/2009 2:09:51 PM

Hello Everybody

To learn more about my Fat Pitch ETF Advisory, please click here.

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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