Interesting Week For Gold

By: Bill West | Sun, Aug 2, 2009
Print Email

8/2/2009 2:09:51 PM

Hello Everybody

To learn more about my Fat Pitch ETF Advisory, please click here.

Trade Actions:

Buy INP (India) @ 50 or better
Buy JJC (Copper) @ 33 or Better

Market Outlook/Potential Opportunities:

Interesting week for GLD. It appears for a day that the bullish theme was over then came roaring back in a course of an hour. These and the fact that the weekly and monthly chart was saying that could happen, now makes for a very bullish case. The stock market is overbought but projections are still for an SP of 1060. Once again I will send out some more recommendations during the week if situations warrant it.

Current Long Portfolio:

Long GAZ Natural Gas @ 45

It closed at 15.3

Sell Stop @ 14

Long USO (Oil) @ 32

It closed at 36.8

Sell Stop @ 31.5

Long GLD (Gold) @ 88

It closed at 93.3

Sell Stop @ 88

Long GLD (Gold) @ 90.1

It closed at 93.3

Sell Stop @ 88

Bought ITA (Aerospace) @ 41

It closed at 42

Buy NLR (Nuclear Energy) @ 23.4

It closed at 22.8

Current Short Portfolio:

Short RJA (Agriculture) @ 7.1 It closed at 7.3

None

Recently Closed Positions

If you're receiving this, you can access all our previous articles and recommendations by clicking here.

If you cannot recall your username and password, please email us at customersupport@stockbarometer.com.

If you're interested in continuing to receive our ETF Trades, please click here to go to our subscribe page.

Thank You

If you want to contact me send me an e mail bill@stockbarometer.com.

 


 

Bill West

Author: Bill West

Bill West
Fat Pitch ETF Advisory

Bill West

Important Disclosure
Futures, Options, Mutual Fund, ETF and Equity trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to buy/sell Futures, Options, Mutual Funds or Equities. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this Web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

Performance results are hypothetical. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as a lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.

Investment Research Group and all individuals affiliated with Investment Research Group assume no responsibilities for your trading and investment results.

Investment Research Group (IRG), as a publisher of a financial newsletter of general and regular circulation, cannot tender individual investment advice. Only a registered broker or investment adviser may advise you individually on the suitability and performance of your portfolio or specific investments.

In making any investment decision, you will rely solely on your own review and examination of the fact and records relating to such investments. Past performance of our recommendations is not an indication of future performance. The publisher shall have no liability of whatever nature in respect of any claims, damages, loss, or expense arising out of or in connection with the reliance by you on the contents of our Web site, any promotion, published material, alert, or update.

For a complete understanding of the risks associated with trading, see our Risk Disclosure.

Copyright © 2008-2011 Bill West

All Images, XHTML Renderings, and Source Code Copyright © Safehaven.com