Dollar has slipped to .8494, but moved right
back to .8505, a very tight range. Dollar's
trend is basically DOWN, but anything can
happen with manipulation.
Gold could break out from here after being
sold down a good bit overnight, but so far
this market is very quiet and the other markets
that I use as indictors/influences on gold are quiet
too. Bonds have turned down a bit, Dow has too.
Oil is quiet in the 44s, and the Yen and Euro are
barely moving going sideways.
Gold may just creep up and down in a range today,
unless traders get hungery for some action and try
to force the market to move, which won't last for long
and will just waste money for most traders trying to
snag a small profit. I prefer to wait for a good dip to
buy in. And even then I good get screwed if gold wants
to move lower to get the MAs back into stability.
MOST IMPORTANT:
Remember that traders are SELLING their Feb'09 contracts
and BUYING into APRIL'09 contracts before First Notice
on Friday.
