Friday, February 20, 2009
6:39AM PST GOLD SUDDENLY SELLS OFF ON STRONG VOLUME DOWN TO THE GREEN TOP LINE OF THE PREVIOUS UPTREND CHANNEL
The bounce of the low just made is not that convincing
to me. Gold may go lower on profit taking and pressure
from bullion bank selling to keep the price back down.
Bonds moving back up after a pull back
Dow moving down again staying near down 150 points
most of the morning.
Euro moving up again
Yen sort of plateauing
Oil moving up in the 38s
Gold building a ledge from which it could fall some more