Tuesday, November 11, 2008

7:53AM PST GOLD MOVES LOWER


Gold has fallen below the green uptrend channel
Dollar is up to a high of .87675 (data not reliable)
Euro has tanked big time down to 1.2494
Bonds scooted up to the 118s which lowers long term
interest rates, the very opposite of what needs to
be done to stop the inflation, but people are still willing
to flee to the illusory "safety" of Bonds yielding
almost nothing, and after factoring in inflation,
less than nothing. Dow is down 250-300