Gold is oversold, that’s the theme of this post. Through yesterday, gold has been down and down, almost everyday since hitting high in Mid July’08.
 Attached chart has a simple technical analysis and both RSI and MACD are in the oversold area. Each time we saw this low, Gold rallied approximately $70-$75 in following weeks. $800 [...]

A very important week is ahead that might set tone for rest of the quarter. Fed Chief Bernanke will be announcing on Tuesday via FOMC announcement that he has decided to keep interest rates same (my guess) as US economy can’t handle any hike at the moment. Rate cut it out of question.

Though a lot [...]

Alpha Natural Resources Inc (ANR) said that second-quarter net income was $74.3 million, or $1.04 a share compared to $4.7 million, or 7 cents a share, in the same period a year ago. Analyst were expecting $0.51-$0.54/share. Revenue surged to $732.2 million compared to $435.3 million. I opened a covered call strategy on this underlying [...]