Tuesday, January 27, 2009

6:15PM PST GOLD BREAKS OUT OF THE BLUE DOWN FLAG


Dollar has dropped to .8468
Oil down in the 41s
Yen up a little
Euro down a little
Gold should move up due to the dollar falling,
but the Euro needs to start moving up too and
the Yen down. Oil is just going to do its own
thing, but it's not helping lift gold. Gold is
gradually disconnecting from everything and
trading like the currency/safe haven it is and
always will be. It's just going to take more failure
of the economy day by day, and soon, hour by hour
to start the whole World running to gold for safety