Musical chairs anyone...Something smells in Denmark! Lets see Gold up $20.40 yet this is what the Gold stocks did...????!!!!!
1.ABX up 1.05
2.ELD up .35 cents
3.G up .50 cents
4. GAM up .15 cents
5. IGT up 1.86 this is an i share
6. K up .45 cents
7. NGD up .12 cents
I know this is option week and usually option Friday the market is usually off ...but the TSX is seeing a triple top as of today... will it hold maybe, maybe not, but I am getting a bit nervous...have tight stops people.
The US dollar is shaping up chart wise to have a double bottom formation... then a possible reversal likely by end of this week or early next ...so there could be a pull back coming....just be cautious.
Some greater minds then mine are calling for a sharp correction (down) in the Markets near US thanksgiving or shortly after.
Or the markets could head up for the next leg to early spring...however after 8 plus months going up I am not sure the market will see another 5 months of uninterrupted growth...will see.
For disclosure I am mostly in cash and now and have some PUTS on ABX.
Cheers