SELL VEN.TO $5.40, -5%
BUY CSIQ $16.36
BUY AMCC $8.98
COVERED USD/CAD, +15%
Continued US$ weakness has spurred buying in Oil and Gold. Gold is testing $1000 and a close above this level would be very positive for this precious metal. I sold out of my VEN.TO gold position as I think YRI.TO is a better play on the strength in gold prices.
I covered my USD/CAD short position which was up 15% as I think the US$ may have a short term bounce here. Looks like todays daily candle is forming a hammer after testing early August lows so I feel it is prudent to take some profits here. Will monitor closely and will look to short again in the very near future.
CSIQ is a solar play. Trending upwards in a rising wedge that just bounced off the bottom trendline. 50 day MA providing support just below.
BUY CSIQ $16.36
BUY AMCC $8.98
COVERED USD/CAD, +15%
Continued US$ weakness has spurred buying in Oil and Gold. Gold is testing $1000 and a close above this level would be very positive for this precious metal. I sold out of my VEN.TO gold position as I think YRI.TO is a better play on the strength in gold prices.
I covered my USD/CAD short position which was up 15% as I think the US$ may have a short term bounce here. Looks like todays daily candle is forming a hammer after testing early August lows so I feel it is prudent to take some profits here. Will monitor closely and will look to short again in the very near future.
CSIQ is a solar play. Trending upwards in a rising wedge that just bounced off the bottom trendline. 50 day MA providing support just below.
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