The G7 has to come up with some coherent plan
before the Asian markets open to prevent more
equity selling.
At the same time it would be logical to think that
those who managed to manipulate the gold market
down $106 on Friday, would want to drive it down
even more and keep it down to make the G7 plan
look feasible. Then, it may just be that there are
enough buyer of gold who would move in and hold the
market here or push it higher. We shall see at 3:00pm pdst
and over night. This is a financial knife fight that the gold
bugs WILL WIN....eventually!
Gold has already retraced BELOW the 50% point at 838
of the up move from 73980 up to 93630 and has rallied
back to 85430...all up coming into the Friday close.
If the gold banks and central banks sell all their gold to
suppress the price, they will be big buyers at the bottom,
which is their intention, and will scoop up all the gold in
the world that they can acquire...
Be sure to get some for yourselves.
