Friday, October 24, 2008


Gold trading very cautiously to the upside.
Good volume on the pre-open rally that stopped
at the 75% point (see previous charts).
Now may be consolidating for further move up,
but after all the recent rallies and sell offs even
lower, I can't say that gold won't sell of more,
especially with all this stock selling going on.
People are running to Bonds first and buying
dollars to buy the Bonds, hence higher dollar
higher bonds.
All explained in detail by Bob Chapman and
Elaine Meinel Supkis, which you MUST READ