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Dave's Daily Market Comment

Dave's Daily Market Comment 02 22 07

   David Fry ( ETF Digest ) Submits:Seeking Alpha Certified


MARKET COMMENT

February 22, 2007





I’ve been listening closely but the fat lady ain’t singin’ just yet for gold bulls. And, with tomorrow being Friday she’ll have a chance for a curtain call over the weekend. We’ll just have to wait and see.






































Okay now look, beyond American Idol, Britany Spears and the obsession over Anna Nicole Smith there is serious news going on. This little snippet here from Debka.com reflects the real news story of the day. Then this item here from CNN and you can connect the dots. You have to wonder if the Iranians are just “playing” Christianne. But these stories are at the heart of current tensions causing higher oil and gold prices.














































In the meantime, overseas markets continue to move erratically with US equity sectors.
































That closes an interesting week for us. The fat lady may sing tomorrow for gold/silver and then maybe not. The only important thing with open positions comes when you ring the cash register. Until then it’s just nerve wracking entertainment. We are, of course, more serious than that but you may as well have fun with it while you can.

We’ll be back at it on Monday. In the meantime, subscribers will have the usual [if there are no bugs in it] podcast on Friday night or Saturday morning along with detailed report on Sunday.

Until then, enjoy your weekend.

Disclaimer: Among other issues, the ETF Digest maintains positions in: GLD, SLV, GDX, DBP, DBA, SPY, RSP, MDY, MVV, IWM, UWM, PZI, QQQQ, IGN, FDN, EFA, EEEM, ILF, EWA, EWY, EWJ, INP and EWM.

Published Thursday, February 22, 2007 10:33 PM by fryguy
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Or, add this feed directly to your favorite reader by clicking the button below. That way, you’ll never miss a post.

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Dave's Daily Market Comment
The ETF Digest, published by Dave Fry, was one of the first online newsletters devoted exclusively to providing market commentary on Exchange Traded Funds (ETFs). His 30 years of experience in trading and portfolio management is available to you through his pioneering online investment newsletter. Dave’s Digest covers a broader range of ETFs and markets than any other newsletter.

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