Tuesday, January 20, 2009

6:55AM PST GOLD SUDDENLY DROPS 61.8% ON MODERATE VOLUME FOR A FEW MINUTES


Dollar inching up
Other markets reversing
Gold has fallen below both the new white uptrend
channel (normal resolve) but also the blue down flag
(not normal). It appears to be holding at 85160 for now,
but if it doesn't move back up strongly, it will continue to
sell off on profit taking.
Dow is tanking, off 180, and should pull gold down.