Wednesday, July 18, 2012
Continuing higher as the Dow gained 103 points on average volume. The advance/declines were positive. Another day like today and we will break through the resistance on the S&P 500. Todays economic data was better than expected. It looks like the gains in the indices will continue. GE was up 1/8 on light volume. Earnings Friday. Gold was down $18 on the futures as the US dollar was flat on the day. The XAU fell 1 3/4. ABX and NEM were both off around 1/3, while GG fell 1 1/8. Volume was light. My ABX August calls are just about dead. I'm considering moving out to the October calls here. I may place an overnight order for them. Mentally I'm feeling tired. Todays post is abbreviated due to other commitments that I had today. Back at full strength tomorrow.
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