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All I see in the gold stocks is buying climaxes on the rallies. My perspective
is intermediate term. At good buy points in the golds historically there are
selling climaxes in almost all the major golds within a short period of time. I
am referring to the sort of price / volume action we recently have seen in the
naSDAQ leaders. It is now totally missing in the golds.
Stuart
Jpilleafe@xxxxxxx wrote:
> Hello RT'rs,
>
> I suspect we are within a week of
> entering another "difficult" market envirionment,...
> likely renewed selling pressure into late Sept low,...
> so time to formulate some strategies for the
> next couple of months.
>
> With regard to trading mutual funds,..I would appreciate knowing what others
> are doing here,..if you have any specific mutual fund trading strategies to
> capitalize on a renewed downtrend,..etc.
>
> For new ideas,...I have been looking at the possibility of trading between
> Rydex Bond fund and Juno fund as something "different". My thought was to
> use Rydex asset levels in their Bond/Juno funds in conjunction
> with traditional technical analysis of an interest rate chart. But in
> general I am open minded to any approach where end of day priced
> mutual funds can be used as trading vehicles.
>
> Also I'm looking at how to approach Rydex's newly expanded 10:30 am
> deadline (in addition to their 3:45 pm deadline),...again seeking a strategy
> to take advantage of this "opportunity". Anyone know of a "well founded"
> strategy here?
>
> And lastly am open minded to an early August low in the XAU,..
> have considered dollar averaging into some partial positions over the
> next two weeks.
>
> Again,..if you have any ideas,...thanks in advance for sharing.
>
> Have a good week ahead,..enjoy the summer which is passing quickly.
>
> Best Regards, JIM Pilliod jpilleafe@xxxxxxx
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