Tuesday, April 04, 2006
The Dow gained 59 points on light volume. Advance/declines were positive. Doesn't look like there are any sellers here but that could change. Gold was down a couple bucks but the XAU rose a point. I'd expect sideways action in the XAU this week and then hopefully an upmove next week. That is the scenario I'm looking for. ABX an NEM were both up a bit. ABX sold off from its highs. I look for that to consolidate here. I'll be looking to get out next week or when gold crosses $600. NEM creates more problems and I probably should not have done that trade. It could work out but in retrospect I should have just held on to ABX. I'm feeling horrible, I'm still sick and have no desire or strength to write any more today...
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