Tuesday, March 01, 2011

20110301 1409

DJIA 12,102.29 -124.05
NASDAQ 2,744.64 -37.63
SP500 1,311.18 -16.04

Metals higher in face of broad index selling. Gold has been lagging the quick price advances of silver. Moving some money into gold miners to anticipate gold doing some catch-up to silver while providing less volatility than silver.

NUGT 38.00 +1.31. Direxion Daily Gold Miners Bull 2x Shares. Long at 38.
UXG 7.74 +0.4799. Yesterday had negative divergence due to news. Missed buying that dip. Went long today at 7.73.

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