A Look At The XAU
posted Feb 3, 2005 at 10:46PM
Selling is still too orderly for my tastes. People are not puking their shares overboard so I am cautious of playing contrarian here. I would rather wait for a turn in the sector and buy on strength.
As well the dollar continues to play mind-games and is still on short term buy.
Watch and shoot. Friday's employment report has market moving potential.