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I had to leave before the close to catch a plane and will be traveling for the next few days so there will be no evening letter this evening. DMS will return to its usual publishing schedule on Tuesday, July 27th. Intraday Comments will will be posted for subscribers as usual.
No change in positions other than adding some SLV 54 calls for tomorrow.
If I'm right, the metals are about to rally WITH crude (as they did for the 3 days prior to today's quick check back to the 5 dma), and the Fed is going to blink next week for the cherry on top. A close above the 5 dma today in gold, silver, and GDX leaves the bulls firmly in charge. We shall see...
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Disclaimer: Lance
Lewis periodically publishes columns expressing his personal views
regarding particular securities, securities market conditions, and
personal and institutional investing in general, as well as related
subjects.
Mr. Lewis is the president of Lewis Capital, which is a registered
investment advisory firm in Dallas, Texas. The firm regularly buys,
sells, or holds securities that are the subject of Mr. Lewis’
columns, or options with respect to those securities, and regularly
holds positions in such securities or options as of the date those
columns are published. The views and opinions expressed in Mr. Lewis'
columns are not intended to constitute a description of the securities
bought, sold, or held by the firm in its capacity as an advisor.
The views and opinions expressed in Mr. Lewis' columns are also
not an indication of any intention to buy, sell, or hold any security
on behalf of the advisor’s clients, and investment decisions
made on behalf of clients may change at any time and for any reason.
Mr. Lewis' columns are not intended to constitute investment advice
or a recommendation to buy, sell, or hold any security.
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