Thursday, November 6, 2008

9:45AM PST GOLD SHOULD SELL OFF INTO THE DAY SESSION CLOSE


Gold will sell off into the close because there
are lots of traders who held on to their long
positions on the way down and could be getting
margin calls if gold doesn't rally before the close.
AND IT'S NOT! Or at least hasn't so far.
They will panic sell near the close, then the bottom
feeders will buy up those longs at a bargain and gold
will rally after the day session close.