Wednesday, December 10, 2008

7:57AM PST DOLLAR UP TO .86695, OIL, DOW, EURO ALL DOWN BUT MAY HAVE JUST BOTTOMED


With Oil collapsing and other markets falling,
gold refuses to collapse with them holding at
the 50% retrace point at 79890.
Could be that traders just don't want to give up
their gold positions, even if they fall because things
look so bad. I doubt it, but it could be a factor.
Usually, traders will take any profit they have before
it disappears in the next nano second.