indecision in the goldstocks My gut feeling is that the investment community has been surprised by the support for the DOW, NASDAQ and S&P over the past couple of days (with the exception of last night).
Last friday, many of the expert commentators I listen to though the US equity markets would fall back this week. And for a long period on Monday up until US markets opened the future contracts were point substantially lower...then we had a 100 pt gain in late trading on Monday (US time).
Tuesday was also up with a correction last night...what does the rest of the week hold...I don't think the experts can reach a consenus...hence the indecision and the money on the sidelines.
Sometime this week, institutions will have a clearer idea where ot invest their funds and then we may see gold stocks rally along with the price in gold.
OXR
oxiana limited
