This blog will describe Jimmybees latest Market thoughts. It also will include thoughts on Jimmybees ongoing trading.
Friday, December 26, 2008
Another holiday light volume snooze fest as the Dow tacked on 47 points. Advance/declines were 2 to 1 positive. Not much to make of todays movement. Gold was up over $20 and the XAU gained 5 1/3. ABX, GG and NEM were all higher by around 1 1/2. Volume light here as well but the gold shares had more interest than anything else. Geo-political tension between India and Pakistan could be the reason. GE was down a bit on weak volume as well. My calls lost more ground as time decay takes hold. In retrospect, I should have let this week pass before making the trade. Mentally I'm just taking it easy. Perhaps things will get a bit more interesting next week.
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