16 November 2009 – Gold

ASX Commentary

16 November 2009 – Gold

Mon, Nov 16, 2009

The market gained some minor strength from a US lead but also from a surging Gold price through the day. As at writing Gold is +$13.00 and the Dow Jones in night trading is +75pts. The Daily trend has flipped back to up and it may well continue to chop around if the broader market stalls in a range. Some Systematic trades were closed today with the tighter stops. Others ran higher. There appears to be several new setups under construction which we’ll bring to your attention when they’re ready.

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ASX stocks, Dow Jones, S&P 500

This post was written by:

Nick Radge - who has written 898 posts on The Chartist.

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