Wednesday, November 19, 2008

7:24AM PST GOLD FALLS BELOW FIRST 75% RETRACE POINT. IT WILL PROBABLY TAKE THE WHOLE UP MOVE BACK


Dollar is getting a boost higher, Euro is falling,
Dow pulling back. The faster gold falls, the
farther it will fall, then expect a rapid bounce,
but not a rally back up as big as this one. In fact,
it may just bounce and go sideways for the rest
of the day.