Avion Gold Corp AVGCF

Gold correction continues

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Down to $1084. If gold does not hold the support line at $1070 it will test $1000 next.






Here: some thoughts of a much respected individual of World Of Wallstreet "MontyHigh"
https://www.worldofwallstreet.us/

January 25, 2010

The Week Ahead

Here's how I see the week coming up:

• Monday (Today) - expecting a pop in the S&P, with copper and gold coming along for the ride. I expect I'll increase my copper shorts as late in the day as I can manage (will be offsite today).
• Tuesday - I expect I'll be lightening on my Jr gold miners on Tuesday in preparation for the rest of the week.
• Wed - 5 yr treasury bonds auction. I'm expecting S&P down, copper and gold down, US dollar up, to make those treasuries seem ok.
• Thur - 7 yr treasury bonds auction. More of Wed.
• Fri - GDP numbers come out. Last time the market (S&P, copper, etc) started quite a bullish run over a 3.0 number. Consensus is for 4.5% growth with some calling for 6.5%. Please note that Robry (who was bullish and made me pay attention to the GDP upside last time) remains bullish. I'll have closed my shorts for this. I expect "they" will push gold down for this regardless of how the stock market reacts to the number.

MontyHigh, www.worldofwallstreet.us