The Dixie Is Flat and Gold Is Acting Well in This Environment

The XLE rallied into the fall it's not probably coincidental that this entire thing topped out right around Chevron announcing their 75 billion dollar stock buyback. The next obviously Lake Hire stopped when ExxonMobil reported their earnings and traded up to 121 or so about a month and a half or so agoSo it all makes sense this downtrend is intact, you're probably right to play crude oil from the short side and I think the risk reward is exactly right in terms of your levels. Gold we see you know the dollar it's come off of those recent highs here it's basically flat today if I'm looking at the Dixie it's like 102 and ahalf or so guy.