Thursday, October 16, 2008

5:39AM PDST GOLD SPIKES UP TO 2ND 75% AND SOME LESSER DOWNTREND LINES AND RETRACES


Up volume was moderate for 3 minutes of the
spike up, then the pull back.
A move a little higher, and then more pull back
a bit lower creating the beginnings of our usual
down flag which should resolve up. But this market
is so crazy now, especially at new lows like this,
that you can't be certain which way things are going
to go at all. Very uncertain times until major institutions
start to fail in series, then gold takes off for good.