Wednesday, December 3, 2008

7:59AM PST GOLD SPIKES AS EURO, DOW, OIL MOVE UP


Dollar moves down to .8694.
None of these moves make any sense according
to any fundamental reasoning. The markets are
just moving in relation to one another and it has
become a minute to minute gambling pit.
You can't predict any of these moves. They come
out of nowhere. And they don't seem to allow but
one or two legs before they turn around quickly.
That's how they get you.
This runup will most likely be sold off completely
for the rest of the session.