IIFT Daily Note with Peter Brown

Have we topped out.

Posted by:  |  Time: 8:12 am  |  Topic:  |  Comments: 3
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Certainly looks like it on the Equity front. Being led lower by the poor US data and the renewed nervousness in Europe. Euro getting hammered on the exchanges. Today we have the payrolls, the market reaction here is key. Could be the last bounce or just straight down. No need to rush we are playing for 1000 points here.

3 Comments

Jesse Mannion

September 2, 2011

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Hi Peter,

Jesse here, just completed the Diploma course with you last week…….there has been a huge spike in Gold between 7-9am this morning after trading sideways for 3 days….is such a move as a result of anticipated bad news from US later today?? fascinating stuff

Elva Burns

September 2, 2011

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Hi Jesse,

We are entering a period of high volatility.It is common for Gold to behave this way. The moves tend to be sudden and large. Overall we think there is upside potential but you have to buy at good value.Also you may try just jumping in when you see big moves.Hope that helps

Peter

Jesse Mannion

September 2, 2011

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Peter,

Thanks for the advice…..very helpful…….I stayed away from Gold as i felt it’s move was over………..but I had a rollercoaster with the S & P 500…..hope you all came away unscathed!! Take Care!

Jesse