Week Review

Market:

1. Dow closed down 1% this week, after hitting one records after another the previous week. Nasdaq was up 0.7% and S&P down 0.3%.
2. Oil has the best showing in 2007 and recovered all this year's loss and some. With potential issues with Iran, it has more room to go.

PM:

1. Gold broke the $675 area and now just below the significant $700 level.
2. It can break it this week and move higher, or it will hit $700 and pull back. Considering the recent run, I won't be surprised the latter is true.
3. AEM, IAG, SSRI, SLW, PAAS and GDX all have a good week. With PAAS broke $30, showing the biggest momentum among these stocks.
4. I sold GG and exchanged into IAG and SLW. Will stay away from senior gold miners (ABX, NEM and GG) since small is better in gold miners.

Uranium:

1. Uranium hits $85 this week from $75 last week.
2. URZ has the best performance last week, up 20% for the week.
3. EMU is up 8%.

RIMM:

1. Critical week, RIMM will release official earning for 2006 and option probe result at the end of next week. I think likely after market close on Friday.
2. I'll watch how the market prepares and reacts for the release next week.
3. My June, Sept. Jan puts are OK as far as I'm concerned. But my March put is not in a good position, actually, a very bad position.