A normal pull back
Gold is hanging in by staying in this uptrend
channel, but sooner or later is will fall out of it
in a normal retracement, which is where you
buy in for the next leg up.
Dollar at .8810
Dow has taken almost all of today's rise back
Oil is falling
Bonds sideways
Euro and Yen not doing much right now
Gold could get sold off in afternoon trading by
the shorts just to scare the longs. But I think
gold is going to go back up over night as the
Dow is going nowhere today, simply because
there is NO LOGICAL REASON for it to go up
except for PPT intervention.
