Gold starts rising at midnight PST, pulls back
at 4am pst until the opening at 5:20am pst,
then takes off again. I watched gold most of the
night, but the minute I went to sleep, it took off
and I have missed all of this move...DRAT!
Now, gold is pulling back into a down flag, but it
could fall much lower taking back much of this
up move.
The Dollar is WAY UP to a high of .8696 and is
NOT back off much, so this gold rise is amazing,
coming against a strong dollar and on Inauguration
Day. The usual rule is BUY the rumor, SELL the news.
For a while it looked like the dollar was up because
maybe the world thought O'bomba would fix everything.
But now it looks like gold thinks he will continue the
massive inflation of the dollar...WHICH HE WILL!
