Wednesday, January 21, 2009

10:35AM PST GOLD SELLS OFF ON THE CLOSE


The Dollar isn't falling much, the Euro isn't
rising much, Dow now rising rapidly. Could
pull gold up, but gold is in the blue up flag
which resolves down.
Gold did form a short term reverse head and
shoulder pattern with the low as the head which
resolves up. Lots of things going on to choose from.
Still a gambler's market.