TOL as of November 8, 2009:-
1) Gold – The short-term players are doing a momentum trade. They think that they are smart enough to get out before the trend turns. Do you think a Stop would be able to protect them when it gaps down? Remember Oil when you were buying at US$150 ? Still vested in some gold coins to be used in emergency only.
2) Oil – Does not look too strong to me but at least it’s more useful than gold.
3) Other Commodities – What will cause a sharp correction on Commodities? Sharp rise in USD? And what would cause a sharp rise in USD? Sharp drop in Equities? And what would cause a sharp drop in Equities?
4) Shanghai – Dont see a sharp correction or sharp rise
5) HK Equities – Positions in Zh…..
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