Weak jobs data should lead to weaker US$ and stronger metals, but because metal charts look so bad lets hold half the hedge until we see marked improvement in the patterns.
GLD downtrend line crosses over at $90. A break above by the close would be cause for a cover.
SLV above down trend now and showing positive 60 min. momentum I.E .MACD histogram. Already covered hedge.
Friday, April 4, 2008
Time 8:58 - 9:39
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