Wednesday, October 29, 2008

6:30PM PDST GOLD PULLS BACK TO THE TOP LINE OF THE OLD WHITE DOWN FLAG FOR SUPPORT, THEN RALLIES WELL MORE THAN 75%


Had a much needed nap.
Gold pulled back to the down flag from which it
broke out. The top of a down flag should become
support according to tech analysis. And it did here
so far. Very strong action up in gold today, but BE CAREFUL
and don't get cocky. Read Dan Norcini's comments today,
as we will meet strong resistance all the way up because
the higher gold goes, the closer the neocon criminals come
to the "hanging tree"!
Dow is an utter comedy and those who think it is even close
to a bottom are simply brain dead!
The same for those who think gold is just a commodity and
won't skyrocket when the economic wind changes direction
and turns into a hurricane of economic collapse.