 RE:Pick The Dow
BG,
Continued $2 oil prices translates into inflation and higher % rates, which were headed up anyways.
Future earings being chipped away at. Takes some luster off future economic pickup.
going with Down on Tuesday
Lack of conviction the last few days has undermined confidence.
As the ole street saying goes "lose your opinion, not your money".
But Dow Chart MACD appears to be bottoming out. Like to see Dow rise above 20 day
moving average prior to resuming a more bullish stance.
Gold looking as if short term correction over. Good long term enty point ( 6 months and out)
With summer time around the corner , higher oil prices should prompt higher prices reports
in the months ahead and Middle East concerns, all bode well for AU.
Some well priced Gold Stock Options:
ASA
ZSLAH Jan 2005 Strike 45 @ 1.15 ($115)
NEM
ZIEAI Jan 2005 Strike 45 @ 2.50 ($250)
NEMLV Dec 2004 Strike 42.50 @ 3.00 ($300)
GLG
GLGKV Nov 2004 Strike 12.50 @ 4.60 ($460)
GLGKC Nov 2004 Strike 15.00 @ 2.95 ($295)
good luck today,
baz
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