Monday, January 5, 2009

6:50AM PST GOLD MAY TOP HERE AT 84580 AND PULL BACK


Gold is at the top blue line of the intermediate
down trend channel, and has made a nice advance
just above the 75% retrace point.
It's about time for the profit takers to move in.
BUT... the dollar is slipping down to it's lows of
the morning at .8365.
Dow is falling, now off 75 points
Euro has climbed to 1.3605