Monday, January 5, 2009

5:59AM PST GOLD BOUNCES OFF THE LOW THEN FADES


Dollar up to a high of .8410, currently .8390
Euro low at 1.3522, currently 1.3550s
March Dow off 50 points
Bonds moving back up from the 134s to the 135s
We have to wait out this sell off to see where the
buying comes in strongly enough.
Right now gold looks weak and some panic selling
could come in as people wake up and see what has
happened this morning.