Monday, 31 August 2009

Monday, mergermania and gold

Two big mergers are hitting the newslines. BJ Services (ticker: BJS) is being acquired by Baker Hughes and Marvel entertainment (ticker: MVL) is merging with Disney (ticker: DIS). Now look to DreamWorks Animation (ticker: DWA) for secondary action.

All major US Exchanges will be closed next Monday for Labor Day.

We’re looking to gold: since February the gold price has been squeezed in an ever tightening range. Sooner or later we will see action coming in this department. The perfect set up for a strangle.
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