XJO 0.50% 8,118.8 s&p/asx 200

tuesday trading, page-16

  1. 3,727 Posts.
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    Thanks for the link HC_NT. Gold does look as though its due for a retracement with all the indicators showing a bearish divergence.

    Jan. 7 (Bloomberg) -- U.S. stocks may rise through March, helped by Federal Reserve interest-rate cuts, after getting off to their worst start since 2000, investor Marc Faber said.

    Gold and commodities may peak this week and then have a ``meaningful correction,'' said Faber, the Gloom, Boom & Doom report publisher who advised investors to buy gold at the start of its six-year rally.

    U.S. stocks ``have sold off quite a bit and on a near-term basis they're oversold,'' said Faber
 
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