20090209

The WIG Index rallied to 61.8% Fibo level (daily swing):

wig_20090209



The WIG Index rally continues. The long- and medium-term is still sell, but the  short term trend is obviously up. Nevertheless, situation is still risky.

The gold is in interesting situation:

gold_20090208



The gold is near the level of 930, which is last high. Breaking this high will generate long-term (monthly) buy signal. The investment in gold can be made via RCGLDAOPEN certificates (for example), however note their price also depends of USDPLN rate, which add more risk to the transaction.

It seems the private capital might help the troubled banks in US (here).

Sources:
[http://www.marketwatch.com/news/story/Payrolls-plunge-598000-most-34/story.aspx?guid={A5FE8FAF-C299-4EB4-BDE6-BADB3C394840}]

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