Thursday, March 12, 2009

6:50AM PDST GOLD HEADING TO THE 2ND 75% RETRACE POINT


Gold stops just short of the white downtrend
top line of the channel and pulls back
Gold 3 ticks short of the 75% point.
Now the pull back, but how far?
Gold is incredibly strong right now and might
only pull back a little, consolidate and move even
higher. TODAY!
Dow is falling, now off 22 points
Euro still dropping
Oil higher
Dollar spiked up to .8888, dropped back to .8840
and has risen again to .8873 currently




And makes it after this shot