IIFT Daily Note with Peter Brown

Christmas Week

Posted by:  |  Time: 8:50 am  |  Topic:  |  Comments: 2
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First of all let me wish you a very happy Christmas and a Profitable New Year.

We have opened this morning with a rally. Overall the market is still very bearish. I still favour selling into all rallies as we have no fix to the Euro crisis in sight. This week, moves will be exagerated due to thin markets. Italian bond yields approaching 7%.

Trading this week is for entertainment only, so keep the position sise small. Next important moves will be early January.

2 Comments

Paul

December 19, 2011

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Hi Peter,
do you think gold will bottom out this side of Christmas?

Paul

Peter Brown

December 19, 2011

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Hi Paul,

I have no clue as to Gold.It has been very erratic lately.
We don’t know what is going on with it. Very dangerous to trade and really a gamble

Peter