March 14, 2006

Gold and Oil

The selling was intense last week and now they can't buy it fast enough. My adds on Newmont at 47 looks good with the stock back at $50 so I will sell that position and bring down the average cost on my stock at $50. Gold has bounced almost 20 bucks since my post of - buy in the 530's.

Oil is still my favorite for dips.

GW and PTEN were good adds a few days back. I like them because the stops are now set at last weeks lows on a closing basis. Good long-term upside in oil still from the last week prices.

I hope to continue to be this accurate on the buys and sells. Not likley though.

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