Tuesday, November 11, 2008

7:35AM PST GOLD FALLS TO FILL THE OPENING GAP FROM SUNDAY


As I warned you on Sunday, gaps are always
filled. The gap on the open Sunday is now filled
and gold has even fallen below the green
intermediate uptrend line and more than 75%
of the up move between 72550 low and 76890 high.
Most markets are open today, Veterans'Day, and
volumes are fairly normal. First hour volume in gold
was 12k down then another 12k mixed up and down
volume, so gold is trying to build a bottom near 730