Wednesday, February 11, 2009

5:44AM PST DOLLAR FALLS TO .8570


Euro stair stepping higher
Dow up 30
Must be lots of bullion bank selling to keep
gold down. That, plus profit taking.
Buying volume is light and every slight rally is
knocked back
I expect gold to get sold below the down flag
and drop fairly rapidly, only to have buyers jump back in quickly for a quick, profitable rally, then
get hit again.