Wednesday, November 19, 2008

7:04AM PST GOLD BLOWS THROUGH THE 750 RESISTANCE AREA. NOW CAN IT STAY ABOVE IT FOR A DAY?


Dan Norcini has been saying that gold has to
stay above the 750 area to be able to move
higher. With all the bad news about the auto
industry, it appears people might be beginning
to get the hint that this country is going under soon
and are buying gold as a safe haven. The shorts
are being forced to cover and adding to the buying
pressure. It appears the PPT is having trouble
supporting the dollar.