Red-Hot Resources

"Luck is not chance, it’s toil; fortune’s expensive smile is earned.”

Thursday, October 04, 2007

Two Sizzling Hot Charts

Recently, I posted potentially bullish charts of Endeavour Silver (for Red-Hot Canadian Small-Caps) and EOG (for Red-Hot Resources). Let's follow up on those, shall we?
Now that I've shown you these terrific charts, let me mention a potential fly in the ointment. If the jobs number is a good one tomorrow, it could spark a rally in the US dollar (because the market will take that as a sign the Fed will be less likely to cut rates again). A rising US dollar would hurt both precious metals and energy stocks. So keep your eyes peeled.

Labels: ,

Check out my new gold and energy blog at