Wednesday, August 27, 2008

Weak dollar = bargains, gold bottom?

Jesse Felder blogs about the weak dollar translating into bargains for foreigners (link).

At Kitco commentary, Clive Maund updates his technical look on gold and reports that the bottom may be in (link2). To me, the recent lows now look like a good entry point.

Monday was a rough day for the stock market, but it was on the lowest volume of the year. More than a few traders are taking this week before Labor Day off. Enjoy the last few days of summer.

Positions: long AMZN, BUD, MCD

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