Wednesday, August 4, 2010

Market trading down this morning

The market opened slighty down this morning and is currently trading -115 points (-0.45%).

After the run we had last month, we're expecting a bit of a pullback, and keeping our eye on volatility. If the markets trend lower with volatility remaining stable, we expect a mild pullback.

Gold have also started rising since Friday, and as we can ascertain from the chart below, it has broken the trend to the downside. Possible reasons for the rise of gold could be the depreciation of the USD and cautiousness on the side of investors due to the safe haven status of gold.

Safe trading



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