That is the question. After being down huge at 7AM on rumors about Euro bank solvency, the futures rallied back as Merkel came out and says "it's all good". The truth is we really don't know and until we do we will trade in this range of 1130-1205. We'll break either way when we get some definitive news. I have raised some cash and there are a few stocks I'm watching that I'm ready to buy on any weakness. CF Industries (CF), Rangold Mining (GOLD) and Wynn Casino (WYNN). All these companies are in the sweet spot right now. Wynn (WYNN) gives you Chinese exposure so watch for a soft landing in China if you like this name. CF Industries (CF) is benefiting from the world wide food shortage but is susceptible to rising Nat Gas prices. Rangold (GOLD) is my favorite miner and can give you a much better return than the precious metal itself, but I'm not buying until we get a pullback in gold to under the $1800 level.
This is not a recommendation to buy or sell any securities. DAK had no positions in the companies in this article at time of publication but positions can change at anytime.
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