Good forecast last week for indices. For next week, level to watch is 1340/50, bullish above, bearish below, but still in a long term uptrend. We will continue to buy good stocks on pullbacks and sell them with little profit. Still looking $GMXR, $DRYS, $SOL, even $GOOG.EURUSD made a little pullback but kept its uptrend. Next week will be tricky to trade. We think of a little pullback or trading range.
SILVER ! We watched again historical charts and every time we had a parabolic rise, there is a huge pullback after. We know that with Dollar falling and QEs, situation is different, but there is no supply problem (even with mines nationalization in South America). We started a tiny line short ( $SLV and $ACG) just to have it in our portfolio but look at $50 level to start to add big.
Concerning French stocks, we are very disappointed with NICOX but for sure it does not worth zero. We can still be surprised. $GMXR is not helped with stupid French politics that want to stop shale gas exploration. This country does not want to create value anymore, preferring to tax people more and more and frighten companies to set up there.
On our wishlist still the same : SOITEC, NYRSTAR, SIPH, CASINO, MEDICA et EADS.
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Good points about SI. Would be interesting to see what silver stocks you choose if/when the time comes.
Where are forecasts for the DAX, the CAC40, and the NQ? Interested to see what your perspective is on those.
Also interested to see what CAC40 names your might favor in your portfolio.
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