Friday, December 5, 2008

7:52AM PST GOLD HOLDS AT 745 AREA TWICE, BUT IS PROBABLY GOING DOWN FURTHER


The "ledge"/trading range is acting as resistance.
This is a very weak looking pattern.
Given the falling Dow, gold could be taken down
with it on margin selling, etc.
Gold could retest the 720 area or lower.
Expect absolutely ANYTHING to be possible!