Thursday, January 8, 2009

8:41AM PST GOLD PULLS A FAKE OUT UP MOVE AND THEN TANKS


Just got back from a quick trip to the vet to
drop off Tuffy for teeth cleaning. Good thing
I didn't place a buy order and come back to this.
Gold is going nowhere at Comex during the day,
after the opening craziness. I'm even surprised
the shorts let gold get away from them this morning,
although they make money both directions and need
gold up so they can push it down to make money.
Dollar got a push up to .8255, but is now a bit lower
at .8245. It has been pushing up since hitting its low
at .8199.