Spot gold (click to enlarge)
$833/oz and climbing (update 20 mins later…stalling!!). This is good. I sold my JAG yesterday,but don’t expect me to be unhappy about today’s move, because the LT portfolio is getting a serious dose of love and affection today. Noteable is the lack of love in base metals today, with silver stuck in the middle of the clowns (to the left) and jokers (to the right).
As for the fun part that gets most of the airing on the blog, namely the trading portfolio, it’s DMM.to and cash (and cash far outweighs the DMM.to). Is today a buying day? Well, not at the bell, as a rush to get in through the door is a likely scenario. Let’s see if there’s a bargain sitting up and begging later on.
As mentioned yesterday (in passing at least) crude oil should be watched closely. It’s likely to set the tone for the next few sessions, in fact.
All in all, this is setting itself up as a very interesting day.