Wednesday, February 11, 2009

4:17AM PST WED GOLD SKYROCKETS AFTER MIDNIGHT


Gold rises to 929 which is ABOVE the MAJOR
Black Downtrend Line which has already been
exceeded once before and redrawn.
Gold broke up and out of the blue down flag (bold blue lines)
Volume was large but not insanely large for nite trading.
Looks like Europe/Asia is running to gold for a safe haven.
Now let's see what NY does to it (like we don't already know!)
Geithner's non-specific 'plan' is a total bomb and O'bomb'a doesn't have a clue as to how to 'fix'
this mess. He will only make things worse, especially by NOT going after the people who created this economic mess and started the CRIMINAL WARs that added to the economic mess.