Monday, January 26, 2009

7:38AM PST GOLD MOVES BACK UP 75%, DOLLAR SINKING AGAIN


Dow up about 200
Oil up strongly
Yen falling
Euro up
Gold could spike up from here as dollar falls,
but it is at a point where it could also retrace
some before moving up.
Moving Averages are all below the price of gold
which also means gold could pull back to touch them
before moving up.
I think gold is building strength to go back to its old
strong bullish days. Nothing but worse news every day
everywhere in the world.