Friday, January 16, 2009

7:55AM PST GOLD MOVES UP OVERNIGHT BREAKING THROUGH MANY PREVIOUS TOPS


Yesterday's trading showed gold coming back
strongly after every big sell off. Now, it is
showing even more strength overnight in foreign
markets. Overall, it appears to be safe haven buying.
The little blue down flag will either resolve up taking
gold much higher, or this whole up move will be
hit hard and retrace substantially as the technical
formation looks like gold is headed much higher,
something the shorts cannot allow.