Friday, October 24, 2008

7:09AM PDST GOLD MOVES UP A BIT


Gold makes another stab at the 75% point at
71750 on good volume but is immediately sold
back down, but not very far. It did break up
and out of the down flag, but that doesn't
excite me right now due to all the selling pressure
by the manipulators. It's good, though, because
it shows there are buyers who want to push the
price higher...just not enough of them to sustain
a good up move and defeat the shorts and cause
them to cover and add to the buying fever that
will happen eventually.