Wednesday, November 5, 2008

6:49AM PST GOLD GOING SIDEWAYS


Gold more or less trapped here as every move
up is slapped down, but the bottom is holding well.
It is consolidating and could make a big move up, but
if it takes too long to do it, it will get knocked down.
Dow moving down, Bonds moving up.
Yen rising, Euro sort of sideways after moving up some.
Oil settling into the 68s after its big up move yesterday
from the low 60s to low 70s and forming a down flag
that could resolve up