Thursday, October 9, 2008

10:35AM PDST GOLD SELLS OFF A BIT ON THE CLOSE INCONSEQUENTIAL VOLUME


Gold drops to the intermediate trendline (blue)
and holds, then rallies some after the close.
Euro is down after its recent rally of the low and
is still in its uptrend channel.
Dollar got a bounce today, but nothing significant.
Stocks gapped up on the open only to fall even lower.
Bonds fell off their "ledge" and should go lower as
people are no longer running to bonds for safety.
Gold will be the next choice for safety...or bullets.