Gold Set Up

  • May 23, 2001
  • Dave Landry

There’s not much to look at tonight. I remain
positive on the market in general but think we might be due for a few more days
of pulling back.

Gold and silver
(
$XAU.X |
Quote |
Chart |
News |
PowerRating) looks poised
to resume its strong uptrend out of a pullback. Look for buying opportunities in
calls and call spreads here.

src=”https://tradingmarkets.com/media/images/Landry4/xau052301.gif” width=”470″ height=”320″>

For those looking to play Newmont
(
NEM |
Quote |
Chart |
News |
PowerRating),
mention in tonight’s Stock Outlook, the June 20 calls appear to be fairly
priced.

src=”https://tradingmarkets.com/media/images/Landry4/nem052301.gif” width=”470″ height=”320″>

Best of
luck with your trading on Thursday! 

P.S. Reminder:
Protective stops on every trade!

src=”https://tradingmarkets.com/media/images/Landry/land-dlst.jpg” width=”94″ height=”132″>