Tuesday, January 27, 2009

6:16AM PST NEW UPTREND CHANNEL LINES


Dollar drops to .8478
gold pulls back after almost retracing back up
just shy of 75% of the sell off leg.
Other markets still quiet
Dow moving down a bit
Oil creeps up to the 45s, but just fell
Euro moving up very slowly
Yen rising (not good for gold)
Bonds moving down (this market
will eventually crash) money moving
out of bonds could move into gold
as a better safe haven.
I suspect something wild is going to happen
pretty soon in gold. Either a spike up, or a
quick sell off. Pure gambling right now.