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S&P 500
5,180.74
(
1.03%
)
US TECH 100
17,601.15
(
1.04%
)
Dow Jones
38,852.27
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0.46%
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Brent Oil
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0.42%
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dr_airtime

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dr_airtime

Re: None

Monday, 10/06/2014 1:39:21 PM

Monday, October 06, 2014 1:39:21 PM

Post# of 35715
Gold - Nice rebound so far...

...hoping $1190 looks like third major bottom by end of week. If reversal continues without USD correcting that looks very bullish IMO as Gold in USD terms should look really good when the currency tides reverse.

Sold pretty much all of my liquid intermediate/senior names when gold broke down but held Teranga, Mandalay and some others including my advanced explorers. Orca Gold (ORG.V) has held up very well only down 20% from my buying point which is nothing in this selloff.

If gold keeps climbing tomorrow there are tons of no brainer buys in sector.
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