This blog will describe Jimmybees latest Market thoughts. It also will include thoughts on Jimmybees ongoing trading.
Wednesday, July 27, 2005
The Dow rose 57 points and the volume really picked up. Advance/declines were positive. Interesting. End of month action perhaps? Gold was up over a buck and the XAU was flat but jumped at the close. Not up a lot but was surprising. NEM announced after the bell and is up around a quarter. ABX announces tomorrow. Yes, I would like to get long but haven't yet. I am concerned that all we get here is summer drift. Will August provide any catalyst for higher prices? I really don't think so. I'm going to wait for the technicals. It's what I have to do. That said if things line up right, I'll do a trade. Patience is needed. I'm trying. Mentally I'm doing OK. It's a battle and I know it. Just trying to hang in there at this point and prepare for the next trade. Tough game.
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