Monday, December 15, 2008

9:45AM PST GOLD MOVES DOWN IN THE BLUE DOWN FLAG, BUT MAY MOVE BELOW IT


Dollar is moving up, currently at .8325
Euro has been moving down a bit and the Dow
is still down on the day.
Oil is off its low but still down
Yen is moving up
Not a good scenario for gold to move up, plus
this is the time of day when they try to sell off gold
before the close, but it should move up over night
if the dollar stays at this level. And I don't see how
it can be revived from here enough to hurt gold