Monday, October 6, 2008

5:46AM PDST GOLD RALLIES HIGHER OVERNITE


Gold has broken out and above two down flags
(purple and blue) and rallied up to the 61.8% fib
line at 89107. Now the morning before NY pull back.
The dollar is slipping back, Euro is attempting to move
back up, but European conditions may counter that,
so I don't use the Euro as much now as an indicator of
any rise in gold coming.
Gold seems to be running on its own now (as it should)
as the World is now using it as the ultimate safety haven.