OTCPK:INMNF - Post by User
Post by
goldopportunityon Feb 08, 2015 12:02am
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Post# 23407953
A few thoughts on next week....
A few thoughts on next week....The Dow -- still has st upside potential to 18K thereabouts. I think this coming week or so the Dow once again challenges the 200dma. Wouldn't surprise me if world SMs start pulling back big-time in the weeks ahead.
US Dollar -- looks poised to make a new intra-day and closing high early next week.
Gold -- will probably test friday's low (50dma) early in the week and most likely push thru it. Once this happens spot gold could briefly get as low as 1210+/- (staying above 1200) before recovering back to the 50 where it should have strong support.
As for icg: well, relative to gold, icg is getting a bit long in the tooth, but, heck, it's not going down without a fight, or at least that's what a few ta indicators might seem to be saying. But if I had to give a possible st downside risk it would be to C$0.22. Possible st upside potential C$0.30. Jmvho.
goldopportunity