Tuesday, August 9, 2011

quick comment

Bought TCC yesterday for 0.395 sold today at .44 made $340 bought HBU yesterday sold today made $200 say goodnight Gracie goodnight Gracie.

The $HUI's inability to force its way above the EMA(7) tells me this is a fantastic opportunity to short gold miners. HIUI is at 533 now; if it just gets up to 539, you cancel and take a small loss. But it might be likely to drop here, at least back to 520 support. 13 versus 6 is good odds.

Gold is dropping, by the way.

BCM is still circling the drain. Actual silver producers like FVI also going down. BTO strongish but unconvincing.

Still think $HUI's next move is down unless it grows some balls.

But wait til after the FOMC statement this afternoon. I doubt we'll get a surprise but you never know how much effect the political pressure from the investor class could have.

BTW, investor class: take a look at the panic on the streets of London. That's your future.

2 comments:

  1. hang the dj hang the dj hang the dj
    HANG THE DEEJAAAAAAAY

    ReplyDelete

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