Wednesday, March 18, 2009

11:25AM PDST JUNE GOLD SPIKES TO 93320 ON FOMC REPORT


Gold moves higher to 93720 with some large
bids showing at the top. Those people may get
creamed when the pull back begins on profit taking.
Monex gold coins up about $40


Gold could consolidate here, then move up even
higher, or it could get sold off.
Monex gold coins jumped about $30


Expect some pull back, maybe some further
run up, then gold could get sold all the way back
down. It's happened many times before. Not
a good time for amateurs to be trading no matter
how lucky you think you are.