Monday, October 24, 2005

XLF and Gold

Gold is inching up some pennies this morning and I am thinking of unloading what I have left - as the continued Fed rate hikes are unlikely to bode well over the next few months for gold prices.

As far as the XLF goes - it is still ramping and I am getting nailed. Will be keeping an eye on this one as I don't see how it can continue to go up right in the face of the rate hikes?

We will see.

Regards,

BG

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