|
|
| |
|
|
| |
|
|
| |
Quarter-End Yawn
|
|
| |
|
|
| |
Today was your typical quarter-end yawn EXCEPT for the dollar/yen hitting a new multi-decade high overnight.
Gold also interestingly took out the lows overnight but then rebounded into quarter-end like one would expect. Silver bounced even more. The GDX, however, was on the weak side and fell over a percent and once again closed below its 5 dma, which leaves the bears still in charge. KGC, NEM, B, and AEM all also took out their June lows.
Tomorrow we'll get an appearance by Warsh and then its all about the jobs data on Thursday.
My gold model remained on a Tier 3 BUY, but this isn't working, which is concerning since the only time it typically doesn't work is when there is intense and consistent selling pressure.
I left my equity shorts and longs unchanged.
Metals: Long GDXD. I also added SLV 50 puts for Thursday at an average of 11 cents.
|
|
| |
|
|
| |
|
|
| |
While
I cannot provide personalized investment advice or recommendations,
I welcome feedback and observations. You can email
me at Lance Lewis. For all website and subscription related questions, please email DMS Support
|
|
| |
|
|
| |
|
|
| |
 |
|
| |
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.
|
|
| |
 |
|
| |
|
|
|
