Wednesday, February 22, 2006

O Canada (Australia too)

Here is a textbook case of filling the gap (HPQ 5-day) I miss the boat as Hewlett touches support at 32 then bounces.

Interesting article by Gary Dorsh about the Canadian dollar being linked to oil [and gold] at Kitco Commentary (link). One diversified play is the Canada ETF, symbol EWC (2 yr chart). There is also an Australian ETF, which some might see as more a metals and mining play, symbol EWA (2 yr chart).

John Stewart at Schaeffers Research reported 2/21, high volume on NEM call options. Follow the link and scroll down or search for Newmont Mining (link). NEM six-month chart shows a possible head-and-shoulders forming (NEM 6-month).

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