Wednesday, June 04, 2008

Gold is heading to double bottom, Juniors are showing some life.

With so much talk about strong dollar you can even talk somebody into buying it again, gold effectively is bouncing around its long bull market support. In my positive scenario we will make double bottom within next two weeks. Silver will be more interesting this time again.

Juniors are showing some life now, bouncing from bottoms and retesting it to make double bottom.

Greenpeace should pay attention to investment banks: they are under threat - without FED life support they would be out by now.

You guess right, I was back to my old tricks: buying what nobody wants and playing down Investment and general banks and consumer related sectors.

PUTs AMR, MER, GS, LEH, C, BAC, AXP, GM, SNE, FRE, INTC, SMH, GOOG, AMZN, LMC

Calls LMC, SSRI, SLW, AUY

Juniors are under accumulation.

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