Wednesday, January 28, 2009

6:15AM PST DOLLAR DROPS TO .8402 THEN BOUNCES BACK TO .8424 AT PRESENT


All the other markets are falling a bit
Gold is consolidating and may spike up soon
from here. Next 75% retrace point is
at 90310
The dollar is getting a boost right not, so it
looks like the PPT has moved in to buy it.
Central Banks will be dumping gold to hold
it down, but shorts should be covering like
mad right now which will had to the buying
pressure. At least gold is not pulling back
strongly, so it looks like it is 'coiling' or consolidating
here for a further move up. It just has to do
it quickly to keep the momentum going.