Thursday, January 29, 2009

5:24AM PST GOOD UP MOVE ON THE OPEN ON MODERATE VOLUME


The usual quick take back on the up move
Dollar drops taking back about 50% of the
up move of yesterday and this morning
currently at .8505
Euro, Yen, Dow, Oil, Bonds all rising.
Gold now moving back up after the pull back
Thank goodness it's showing strength.
Yesterday's sell off was probably all about
boosting the dollar and sinking gold for the
FOMC report. Now that that BS is over
gold is heading where it should be...UP!