Dow down another 70 points. Advance/declines only slightly negative and volume was nothing special. Puts would have been nice. Gold rallied over 3 dollars. However the XAU was barely positive. Not a good sign. ABX had good volume and was unchanged. Not good news there either. The options moved up a little early and then moved right back to where I purchased them. This is starting to look like a bad trade. Not that it can't still work out but the action since taking the position hasn't been stellar. I would have expected the XAU to be able to work its way higher but it hasn't. It was up for most of the day and faded in the last hour. Not a good way to end the day. GE was down again today however the options I'm looking at are not attractive just yet. We'll see about gold tomorrow...
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment