Best of the Week

Fat Pitch ETF Advisory Newsletter - Interesting Week For Gold

Commodities / Commodities Trading Aug 02, 2009 - 03:03 PM

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 @ 14Long 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

By Bill West

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Thank You

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

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© 2009 Copyright Angelo Campione - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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