Indices are UP thanks to V and economic growth news from Germany of unemployment around 6.3%.......
S&P 500 @ 1994.75, high 1999.40, low 1974.75
Internals are positive by 2 to 1
Oil Down 83 cents
Gold Down $24.60.....testing major support
Canadian $ Down 6 tick @ 88.16
VIX Down 4.82% @ 14.42
Portfolio AKS EGO LULU MU NXPI
Most stocks are UP
@ 2.30 following are red by 1% or more :
EGO MU NXPI TSL GG FB JKS TWTR SPWR
HIMX CRUS LSCC X ABX AEM SLW
MGA TRLA TRIP....
EGO reports AH with conference call in the morning. Following
are expected :
Q3 Sales $277.38 million , EPS 6 cents
Q4 Guidance Sales $259.75 million, EPS 5 cents
Gold sector is facing difficulties in terms of price of Gold which is near 4 year low.
EGO Sales may be on the low end or may miss for both Q3 & Q4. EGO is among the lowest cost producer and may remain profitable in this difficult environment.This is the-best Gold stock to own for Gold price recovery.
Switzerland is voting to increase Gold reserve to 12% from current 7%...Vote is expected to win. Switzerland then have to buy 50% of entire world production to be @ mandated 12% reserve. Extremely bullish for Gold price going forward.
BLOG does NOT give buy or sell.
Saleem
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