Tuesday, March 24, 2009

5:23AM PDST GOLD MOVING LOWER..(lower trend lines re-drawn to include the new low)


Gold is moving back up slowly on light volume.
REMEMBER, we are in the roll over period just
before First Notice on April Gold on Friday. There
is still a good deal of volume over in the April contract
but June Gold volume is growing more rapidly each day.

Gold makes another low and gives a weak bounce.
It's churning here trying to find a bottom. If it does,
gold will rise some, then retrace, then start 'stair stepping'
higher. This is simply a reaction to the big Dow rise
yesterday which is already giving back over 70 points
this morning. This is a great place to buy CASH GOLD COINS.