Gold Off Bottom?
Gold 24-hour high 546.40 today at 12:41 and low 539.90 yesterday at 400 p.m. The one year chart still reveals a continuation of the bull market in gold. Perhaps, the bottom for this correction has been set. We shall see!
DROOY is bouncing between about 1.38 and 1.41; HMY at 13.36, NEM at 48.90, SSRI at 17.58.
I believe we will see oil, precious metals, and other commodities up this week after a dismal last week. We are still not out of the woods as little seems to disturb the dollar bulls. Even the threat of the Iranian Bourse for EURO oil, should it come off on March 20. Reports are that some of the mid-East banks are adding EUROs to their reserves as some in Asia did in the recent past.
Still exciting times. I rejoice that the Lord is in control. That way, man can do his worst and still God will sit in His heaven and laugh at the folly of man.
Be back on Thursday if not before.
Best to each, Doug
DROOY is bouncing between about 1.38 and 1.41; HMY at 13.36, NEM at 48.90, SSRI at 17.58.
I believe we will see oil, precious metals, and other commodities up this week after a dismal last week. We are still not out of the woods as little seems to disturb the dollar bulls. Even the threat of the Iranian Bourse for EURO oil, should it come off on March 20. Reports are that some of the mid-East banks are adding EUROs to their reserves as some in Asia did in the recent past.
Still exciting times. I rejoice that the Lord is in control. That way, man can do his worst and still God will sit in His heaven and laugh at the folly of man.
Be back on Thursday if not before.
Best to each, Doug
posted by Doug @ 11:45 AM
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