Friday, December 12, 2008

7:09AM PST GOLD STRUGGLES TO GET PAST THE 75% RETRACE POINT AND FAILS


Dollar up a pinch, currently at .8428
Euro barely moving at 1.3360s
and has now fallen to 1.3340s,
gold also pulling back a bit.
It could take a fall for lack of momentum upwards.
Like I always tell you, if gold isn't going up, it's coming
back down.
Dow climbed to 8480, but is now falling, still in the red
from yesterday's close