Tuesday, October 28, 2008

6:30AM PDST GOLD SHOULD BREAK HIGHER


Gold will probably walk down the top (white) line
of the down flag, but be supported by the green
up trend line. The blue down flag resolves up.
Logically, gold should resolve up out of the two
down flags and continue in the green uptrend
channel, but the FOMC rate cut could delay things.
Dow is climbing on the opening.
Euro is up to 1.2547
Dollar slipping to .8757