It will take more than 1 softish inflation print to stop the FED but the market sees the beginning of the end of interest rate rises in sight.
Nasdaq, precious metals and growth stocks all on fire today.
A good day to lighten some of gold stocks with 15%+ gains in just 2 weeks after last FED rise. This really is too easy at a private investor level, funds have more of a challenge with broader diversification as well as keeping fools who look at short term indices happy.
MFG fell a bit short of my 15% gain sell trigger this morning, so I will either have missed a chance to lighten, or will catch it next week. Either way, it is a bit rich for me or anyone to complain when a stock rises 7% in a day.
Shorters need to have their wits about them, this market could rise another 3% -5% on a dime, before it loses steam.
GLTASH
It will take more than 1 softish inflation print to stop the FED...
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Last
$10.17 |
Change
-0.170(1.64%) |
Mkt cap ! $1.818B | |||
| Open | High | Low | Value | Volume |
| $10.51 | $10.52 | $10.02 | $8.160M | 801.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2835 | $10.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.18 | 10283 | 8 |
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| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| MFG (ASX) Chart |