Weeken’s Activity; Watch and Picks. Golds will jump and stocks will make new lows next week

Next week market’s trend will inflenced by the data of Retail Sales, Business Inventories, PPI, core PPI, Net Foreign Purchases and banks’ earnings will eventually hit market and stocks will make new lows and golds make new highs. Stay in gold miners stocks and watch this happen. Wait untill all banks’ earning release, you can buy much more cheaper stocks in financials.

Investors would definitely leave off stocks to invest into golds this week as more pains to come as earnings release from national banks.

Citi plans $10B subprime charges, analysts say: UK Times
Merrill plans $5B subprime charges, analysts say: UK Times
Citi Q1 loss may be $3B; Merrill loss seen $2.7B: UK Times

The dollar, after posting a modest rebound earlier this month, came under renewed
pressure this week — falling to yet another new all-time low against the euro,
with the shared currency rising as high as $1.5911 on Thursday. The dollar also
saw renewed weakness against the Japanese yen.

The weak dollar has raised hackles in Europe, where officials say it has
undermined their exports.

Before the meeting, economists said market fundamentals probably aren’t right for
the G7 to attempt coordinated intervention in an effort to end the dollar’s
slide. After all, fears remain of a deepening U.S. downturn. The Fed is expected
to further cut interest rates, while the European Central Bank has left rates on
hold and isn’t expected to follow through with cuts anytime soon, with near-term
inflation pressures surging.

Buy more shares of AUY at Moday,

Watch stocks make new lows, such as C, BAC, NVDA, CSCO, PAY, ABK, and PTRY.

Next week will be an vesy interesting one to watch for stocks dip and buy at low. Good luck

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