I suggested last weekend that there might be a rally this week due to the hedge fund redemption deadline (Nov 15) being passed. While the market ended Monday down, I still believe stocks could end the week higher, especially because:
1) It is option expiration week, which makes the market prone to wild swings.
2) So far this year, the SEC has announced a ban on short selling two times during option expirations week (producing powerful short covering rallies both times). The cynic in me see a pattern and thinks we might be due for another ban. So depending on the SEC chairmen's whim, we could see a wild short-covering panic at any time this week. (can you tell that I don’t have a lot of respect for SEC chairmen Christopher Cox?)
Tomorrow is "Turnaround Tuesday", and it will be interesting to see what happens.
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Eric, interesting site to check out I found at LewRockwell.com
Constitutional Mining Corp.
Possibly a "ray of sunshine" amongst the dark ominous clouds?
At first glance, Constitutional Mining Corp seems like another viable way to invest in gold. Just make sure you do some research on them before giving them your money.
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