Friday, February 13, 2009

7:19AM PST ANOTHER 75% RETRACEMENT, NOW BACK UP


This back and forth can go on for a while, but soon enough, gold will break higher simply because there appears to be too much buying pressure to allow it to go lower. When the shorts see that the longs continue their buying, they will have to cover, and that will add to the buying pressure and gold will spike up big time.