mondays markets... thoughts

  1. 6,573 Posts.
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    Public holiday in NSW will probably mean things will be a bit quiet overall.

    If you look at the timing, Comex Gold stopped trading for the week at 1.30 PM New York time.This pretty much corresponds to the time that both the DOW & the S&P 500 were at their days high.

    Both indicies dropped significantly from these highs by the close.

    It is therefore quite likely that once gold gets trading again on Monday & the rest of the world is out of bed, late morning to mid afternoon our time, gold will "up crash "

    ( Sorry Goblin )

    If gold stocks are pushed down hard at the opening, it will be a great opportunity to "fill up " on your favourite Gold stock at what will be shown to be bargain basement prices.

    We will see.

    Caveat Emptor

    Bendigo
 
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