Wednesday, January 28, 2009

5:15AM PST GOLD TURNS DOWN JUST BEFORE THE OPEN


Dollar at .8453
Euro was moving down, but just turned up
Dow has been moving up
Bonds down, Oil still down
Yen moving up a bit
Gold retraced to the 61.8% retrace point
of the last up leg and is not moving up
convincingly to me. May fall on the opening
before moving back up.