CAR NAVIGATION DEVICE - get one I say.

Happy 52- week high! 1o8.78 -and I predict many more highs... as there is no resistance on the upside- so all who did not get in will buy now... and the short sellers will cover and buy back the shares they sold short - adding to the momentum. I am speakin of GRMN- the car navigation device maker. Will not talk of GRMN on this blog till it touches close to ....115...no -recalculating: 120 is the near term target. Had to laugh out loud when I heard they were acknowledging this winner- on FAST MONEY... 140% return in the past year. Better late than never.

But before I get it off my radar will urge you to get a car navigation device- from Garmin. Its a time saver. Wonder how we ever got around without it. In familiar territory I still make a wrong turn somewhere to hear the device say " RECALCULATING" and then lead us back the right way.

We wish there was a device that helped us navigate around wall streets wits and whims... for now I am using my instinct- tomorrow rally after the employment numbers come out.

GOLD I cant reiterate it enough. Its a hedge against the dollar ... and with oil poised to touch 80... $.... inflation fears rule- what better to own than a commodity. My underlying thought is gold begins a new found rally from $700 to .... $800... (I am bold... but have been bullish on gold even when it pulled back to 550... couple of months back) a new found rally as people newly find and realize what they have been missing. THE POINT that gold is a hedge....gold is and will be in demand in China and in India and in Russia... as long as these countries continue the growth story... and in US the dollar decline too speaks of GOLD goin up. FED expected to ease- what goes down? THE T-bills go down and what goes up? GOLD. and the world currencies.... I guess.

Mona's lookin beyond the employment numbers. Most of the bullish targets are met. One more rally later... next week we see some re-adjustments and retesting of fears- as media will talk of 9/11. Lack luster or maybe some volatile moves will present themselves. And we may just graze around and watch the action while we sit on the sidewalks of wall street.