Trading Now

Trading Now

Wednesday, February 4, 2009

BUY GOLD EVEN THOUGH OVERBOUGHT?

Treasury brings back 7-year note to help deficit
The Treasury Department is bringing back the seven-year note and doubling the number of times it auctions 30-year bonds as it works to handle a soaring budget deficit projected to top $1 trillion this year. The government also says it will auction $67 billion next week in three-year, 10-year and 30-year Treasury securities, a record amount at a quarterly refunding

Golds and Oil commodities are all oversold. We will be patient and wait for the pullback.

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